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Freedom launches enhanced range of mortgage products

The range now includes a variety of new features. All prime products now offer an extended choice of interest rates up to 90% LTV, with the exception of buy-to-let which has one rate to 85% LTV.

There are competitive discounted rates over one, two and three years to 85% LTV, on full status, self-certification and buy-to-let. It also features self-cert for first-time buyers to 85% LTV, reduced arrangement fees for products below 85% LTV, unlimited capital raising for any purpose to 75% LTV on all products, except buy-to-let and let to buy, and no extended tie-ins on all prime products.

Colin Snowdon, managing director of Freedom Finance&#39s lending operation, says: &#34We have enhanced our product range to place greater emphasis on products up to 85% LTV and borrowers now have a greater choice of discounted interest rates, many of which are market leading.

“The new product range also includes those core qualities, such as the use of an affordability calculation, which differentiates Freedom Finance from its competitors.&#34

Freedom Finance also provides a number of other benefits. It has an affordability calculation &#45 designed to enable clients to borrow more realistic amounts, based on their ability to repay. All cases are individually underwritten, which means no automated credit scoring. All rates are based on bank base rate, not LIBOR, and there is no higher lending charge on prime products.

The new range of enhanced products are available immediately. Freedom&#39s old product range will be withdrawn and any pipeline business should be submitted by close on Friday 17 September.

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