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.