View more on these topics

Freedom Lending launches two year discounted self-cert

Freedom Lending is launching a two year discounted self-certification mortgage, which is available up to 90% LTV exclusively via Mortgage Choice.

The product has the following features:

* A two year discount from Bank Base Rate + 1.99% (currently 6.49%):
– 1.41% discount to 75% LTV (currently 5.08%)
– 1.31% discount to 85% LTV (currently 5.18%)
– 1.21% discount to 90% LTV (currently 5.28%)
* No overhanging early redemption charges ERCs of 5% of the amount being repaid, during the first two years. One months notice or 1% thereafter.
* Free legal fees for remortgages in England & Wales only
* Completion fee of 549
* Proc fee of 0.6%

Colin Snowdon, managing director at Freedom Lending, says: “Freedom Lending has worked closely with Mortgage Choice to develop this new product. Two year discounts have proven to be very popular and I have no doubt this self-cert product will sell well.”

Doug Hall, sales director at Mortgage Choice, adds: “Were delighted to be launching this product on behalf of Freedom Lending. As well as the competitive discounts on offer, the free legals and lack of overhanging ERCs will be a real winner with brokers. The self-cert market remains very strong and Im sure this product will be a hit.”

Recommended

Intermediaries heed diversification message

Charterhouse Research, the specialist financial market research consultancy, today reveals that the outlook for mortgage-related general insurance sales looks positive. Mortgage Intermediaries The Regulated Environment has been tracking the intermediary market in the face of regulatory changes via 100 interviews per month with intermediaries. House insurance and protection are natural partners to a mortgage and […]

1

Rip-off loan cover scandal costs consumer 1,400

Research by Burgesses, the insurance protection company, reveals that consumers could save more than 1,400 on a 7,500 loan by buying loan protection insurance independently rather than through banks. Simon Burgess, managing director of Burgesses, says: “The findings reveal that banks continue to profiteer from selling this product and that people are paying a heavy […]

Wake up to Wales – it’s a buzzing market and a visit might do you some good

From Helen Thomas Where I live is not generally something to complain about. South and west Wales have some of the most beautiful countryside and seaside. I live 30 minutes away from the popular resort of Tenby and 30 minutes in the other direction from the thriving city of Swansea. You’d think this would be […]

Exchange and Life Policies Direct integrate services

The Exchange, the leading supplier of portal services to IFAs, has announced the full two-way integration of its market leading quotation and business services into Life Policies Direct’s bespoke back office administration system.Life Policies Direct is one of the UK’s leading protection specialists, and is using Exweb to help its call centre business function provide […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

Newsletter

News and expert analysis straight to your inbox

Sign up