Mortgage intermediary Park Row Independent Mortgages (PRIM) has expanded into the
non-conforming market with the launch of Park Row Specialist Lending.
The new division has been set up in conjunction with packager, The Mortgage Placement
Company (TMPC), and offers non-conforming mortgages through the 280 advisers in PRIM and
Park Row Associates.
Park Row Specialist Lending deals exclusively with borrowers in the non-conforming market,
with Park Row advisers offering a broader range of products and services to their clients.
The new division will have its own in-house underwritersand be able to give an agreement in
principle within two hours and make a conditional offer within 24 hours of receipt of
The product range includes mortgages for purchase and re-mortgage up to 95% LTV and
includes self-certification options and right to buy, with a fees-free remortgage package
available. Applications will be fully packaged, including credit search and survey instruction and
the uncapped procuration fee of 1.75% will be paid one day after completion.
Kevin Paterson, managing director of Park Row Independent Mortgages, says: “We have
launched Park Row Specialist Lending with TMPC to provide dedicated expert advice to
non-conforming borrowers. We now have an exclusive range of non-conforming mortgages
alongside all our other services so we can help most people find a suitable loan for them.
“By taking the step of setting up our own packaging operation with in-house underwriters we
are able to offer an efficient and transparent service with competitive rates and improve our