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Coventry enhances credit impaired range

Coventry is enhancing its range of credit impaired products.

The portfolio, which launches today, includes fixed rate mortgages available both with and without early repayment charges.

Julie Jones, head of intermediary sales at Coventry, says: “The launch of the new fixed rate products reinforces the fresh approach we have taken to credit impaired lending, by offering products without any early repayment charges. Since our launch into this specialised market we have listened to feedback from our introducer contacts and as a result, have also made improvements to our lending policy.”


Ensuring clients understand the APR

One of the industry’s hobby horses is the usefulness or otherwise of the APR. This has moved up the agenda with the Financial Services Authority giving its support to keeping the APR for the foreseeable future, triggered by the gathering pace of EU harmonisation.

Origo in funding talks with lenders

Supporters of Origo are believed to be in discussions over the cost of funding its open standards next year, which could increase by up to 4,000.Origo, the financial services industry standards body, gained backing from 15 lenders last year to fund its work into the standards. Large lenders are believed to be paying 14,000, while […]

Claims firm criticises AMI

Loancheck has criticised the Association of Mortgage Intermediaries for attacking claims firms instead of stam-ping down on lenders and brokers involved in mortgage mis-selling. In particular, it objects to AMI’s involvement in the regulation of claims firms. John Whittaker, director at Loancheck, says: “Why does AMI want to be involved in regulating claims companies? Should […]

Pink offers deals with BM Solutions and MEX

Pink Home Loans has launched a range of products in association with BM Solutions and Mortgage Express.The exclusive product with BM Solutions has a headline rate of 4.69%, base rate minus 0.06%, and offers a refund on a basic valuation along with 250 cashback. The product, which is available through Pink’s mortgage club, is submitted […]


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