Park Row Specialist Lending enters non-conforming market

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

application.

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

client offering.”