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BM Solutions reinforce product success

BM Solutions today continue to reinforce their strength in the sub-prime market with the launch of a new sub-prime generic range.

Offering 45 revitalised deals products in the Sub-Prime Status range include: a near prime 5.69% 2yr fixed at 90% LTV; a near prime 5.89% 3yr tracker at 90% LTV with free valuation and 500 cash back.

Products in the Sub-Prime Self-Cert range include: a near prime 5.89% 2yr fixed at 85% LTV; a near Prime 5.99% 3yr tracker at 85% LTV with free valuation and 500 cashback.

Martin Reynolds, head of sales, BM Solutions, says: “It
is always fantastic to offer such great rates to the market. I know brokers will welcome these as tools to secure non-conforming cases, providing clients with the best opportunity to repay funding and ultimately mend their credit rating.

Combining these rates with our renowned levels of service and support means brokers can be sure of offering their clients the best possible solution.”


N&P reduces fixed rates

Norwich and Peterborough says it is reducing rates on its UK and Spanish fixed rate mortgages, with immediate effect. Fixed rate schemes over two years will be reduced from 4.78% to 4.68% (maximum 90% LTV and 699 reservation fee), from 4.98% to 4.84% (maximum 90% LTV and 385 reservation fee) and from 5.34% to 5.24% […]

SWB takes business inhouse

Scottish Widows Bank is to end its association with Homeloan Management. The relationship between the two firms stretches back nearly 10 years. SWB will move its growth and transfers portfolios inhouse. Graeme Hartop, managing director of SWB, says: “This in no way reflects dissatisfaction with HML’s service. Our strategy is to administer business inhouse when […]

em-international to launch Spanish property service

em-international is to launch a facility to assist brokers looking to help clients find the perfect property in Spains Costa Blanca region on September 27 at the em- Bristol roadshow. Roger Morris, managing director at em-, says: “Bristol will see the launch of our new Spanish property search facility that boasts hundreds of resale and […]

August sees remortgaging boost to lending figures

The Council of Mortgage Lenders has revealed that lending continued to strengthen over the summer. Gross mortgage lending rose by 9% to an estimated 27.5bn in August, up from 25.2bn in July. The rise is one of the highest figures on record, 4% higher than the 26.5bn of August 2004, and the highest figure since […]

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


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