BM Solutions has launched a sub-prime range of products to allow 500 worth of County Court Judgements.The 500 category includes rates at 5.15% for near prime customers and will sit alongside its existing near prime 1500 range for 1,500 worth of CCJs and near prime 3500 range for 3,500 of CCJs. The standard light, medium, heavy and unlimited categories still apply. New products in the near prime 500 range include a tracker at Bank of England base rate plus 0.40% then base rate plus 2.29% for life. There is also another tracker at base rate plus 0.40% for three years. This also includes a free valuation up to 490 plus 250 cash back. Both products are up to 75% LTV. David Mead, director at Flexible-mortgage.net, says the rates look attractive. He adds: “The rates look competitive and for certain clients a free valuation is a great advantage. Combined with BM Solutions’ excellent online application process, it should mean that brokers can offer competitive products and provide good service.”
- Top trends
- Top trends
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