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Advantage launch Kensington near prime max mortgage

Advantage Home Loans, the branded mortgage arranger, specialist in the heavier non-conforming market, has launched with Kensington Mortgages an exclusive product to compete for business between the near-prime and very low adverse ranges.

Sarah Jones product manager at Advantage, says:

We are excited about the launch of this new product and are delighted to have this product for brokers who have clients with low levels of adverse. With rates from 4.35% we believe this to be a competitive product for individuals who meet criteria, who previously have been penalised for their circumstances

Product features include: up to 90% LTV, self-cert available; CCJs of up to 500; CCJs of less than 100 and all defaults are ignored; no CAIS search; discounted rates from just 4.35%, fixed rates from 4.60%; 250 cashback. The product is also available for Right to Buys and Buy to Lets.


First National broadens core first mortgage range

First National, a GE company, has broadened its first mortgage product range with the launch of a new near prime product. It has also improved fixed rates on its core range. The new products, available from September 7, are designed to meet the needs of a broader customer base and ensure that brokers have a […]

Capped sub-prime deal

Kensington has launched a three-year capped rate sub-prime product . It is available across Kensington’s standard product range with rates starting as low as 5.60%. Keith Street, director of sales, says: “This is ideal for a market seeing fluctuating interest rates. Customers’ payments cannot go higher than the agreed capped rates.”

HIP mini-bonanza predicted

Surveyors are predicting a mini-bonanza in the run up to the launch of Home Information Packs for professional landlords and developers. Lexicon Surveyors says that with HIPs set to become mandatory next year, the impact will be to force many sellers to put poorer condition properties onto the market early for a fire sale. Otherwise […]

Quarter of brokers could go to wall in two years

A quarter of mortgage intermediaries could be forced out of business in the next two years if market forecasts are to be believed. Chairing a question and answer session at Mortgage Strategy’s Mortgage Summit in Jerez, John Malone, managing director of Premier Mortgage Service, told delegates the disparity between the value of the market last […]


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