View more on these topics

Victoria unveils self-cert and light adverse range

Victoria Mortgages has launched a product range and pricing structure for self-cert clients and people with slight adverse credit.

The range will be available from January 29 for purchases and remortgages. It includes no loading for self-cert but is still subject to Victoria’s core criteria.

Kevin Hillgren, chief executive at Victoria, says: “This range has been launched following feedback from our packager partners. This feedback highlighted a significant market opportunity when it comes to clients who self-certify their income or have slight adverse credit.”

David Hollingworth, mortgage specialist at London & Country, says the launch is good news although the products hardly break the mould.

He adds: “It’s a pretty crowded marketplace, so the success of this move depends on how the range stacks up on rates as well.”

The criteria of the range include affordability-based lending of up to 5 x joint income and a buy-to-let option requiring a rental yield calculation of 110% of pay rate.

Recommended

TMP launches online enquiries

The Mortgage Partnership has launched an online enquiry form that allows brokers to submit enquiries directly to its new business desk.

Millions at risk of ID theft

A survey has revealed that 21 million people do not protect themselves against identity theft while 97% of household waste contains at least one item that could assist a fraudster. The survey from Lawpack Publishing, the self-help legal publisher, also reveals that over a quarter of identity theft victims know the perpetrator, proving that simply […]

FSA appoints non-executive directors to FSCS

The Financial Services Authority has appointed two non-executive directors to the board of the Financial Services Compensation Scheme.Tony Ashford and Rosalind Reston will resume their positions on the board on February 1.Ashford is currently the chairman of the HSBC pensions trust and a non-executive director of AIB (UK) and the Jubilee Sailing Trust. He worked […]

CML chairman gets second term

The Council of Mortgage Lenders has confirmed that chairman Jon Pain and deputy chairman John Maltby will serve second terms in their respective positions.

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?

Newsletter

News and expert analysis straight to your inbox

Sign up