Future Mortgages has unveiled secured loan products in anticipation of changes to the Consumer Credit Act 2006.
The new CCA rules, which govern the regulation of secured lending limits, come into force on April 6 2008 and will see the removal of the upper limit of £25,000 non-regulated loan threshold.
Product rates range between 8.99% to 13.24% and now include an 80% LTV band. The deals are offered for loans up to £150,000 and for both self-employed and employed self-cert applicants.
Ian Warrilow, head of secured lending at Future Mortgages, says: “We’re changing our products now and informing our packagers and broker business partners so that we can continue to work successfully with them once the CCA changes are in place.”