Mortgage Times launches exclusive adverse boxed products

The Mortgage Times Group has launched an exclusive range of adverse boxed products from GMAC Residential Funding.

The range covers the full spectrum of adverse, from near prime to unlimited adverse.

Client benefits include free basic valuation and 550 cashback on purchases, and free basic valuation, 250 cashback and free conveyancing on remortgages.

The offer excludes Right to Buys.

Richard Stokes, head of product development at TMT, says: “The GMAC Adverse Boxed products are extremely competitive in the light adverse arena and include the flagship 5.5% tracker for two years without extended early repayment charge to 95%LTV.

“We prefer to support market leading products with extra client benefits rather than dress-up inferior rates. We are very pleased with the design of this latest initiative, and strongly believe Mortgage Times will be the natural home for rate-driven brokers in the months ahead.”