Southern Pacific Mortgage Limited has launched a six week special offer on all of its products, in which new applicants will be able to qualify for a refund of one months mortgage payment.
The offer is only applicable to applications received by SPML between June 5 and July 17 2006 which complete on or before September 30 2006.
For borrowers to qualify for this offer, SPML must receive the first three monthly mortgage payments in full from the borrower by direct debit on the due date.
Any borrower that qualifies will receive one months refund, within four weeks of the third payment.
John Prust, sales and marketing director at SPML, says: We are delighted to be able to make this special offer, which could amount to new cases receiving a considerable cash benefit, if the terms are adhered to.
This innovative special promotion not only offers benefits to the consumer, but it also gives brokers an opportunity to increase their business levels by making this money-saving opportunity known to their new mortgage clients.
Intermediaries should take note of the limited period for which this offer is open, and make the most of it by marketing it to potential customers without delay.