Packager ICMG has launched ICMG Home Loans, a branded lender that promises to develop products to fill the gaps left by other lenders.
Based in ICMG's Southend headquarters, ICMG Home Loans will do branded lending for Future Mortgages and Rooftop Mortgages, the almost virtual lender that also distributes through The Mortgage Distributors Co-operative of which ICMG is a member.
Chris Gardner, managing director of ICMG, says: “We've been piloting ICMG Home Loans for four or five months with our intermediaries. We wanted to make sure we got it right before we took it to the wider market.”
ICMG Home Loans is looking for a maximum of five more lending partners and will be looking to fill voids left by other lenders such as lending up to 90% on high rise flats and commercial property.