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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.


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