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Advantage launch new Kensington near prime max mortgage

Advantage Home Loans, the branded mortgage arranger and specialist in the heavier sub-prime market has launched a new exclusive near prime max mortgage with Kensington Mortgages.

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.”

Products features include, up to 90% LTV, self-cert available, CCJs of up to 500, with CCJs of less than 100 and all defaults are ignored. No CAIS search, and discounted rates from 4.35%, and fixed rates from 4.60%, with 250 cashback, also available for Right to Buys and buy-to-lets.


Brokers base their decisions on rates

Pink Home Loans’ 1000 Index Survey shows rates drive brokers’ decisions when choosing which lenders or packagers to deal with. The online survey was aimed at mortgage intermediaries and questioned 1,000 brokers on industry issues . In stating which areas influence their decisions most when deciding which lender or packager to send a mortgage to, […]

Call to avoid distribution battle

Nationwide says intermediaries do not have to compete upfront with lenders going direct to consumers through high street branches. At a debate in Jerez, Larry Banda, head of mortgages at Nationwide, told delegates nobody will benefit from a battle between the distribution channels. Landa told delegates: “There is constant talk of there being a battle […]

LMC dismisses rumours of financial difficulties

London Mortgage Company has hit back at rumours it is in financial difficulty, saying it is on target to make profits of 7m this year. Robert Owen, chief executive officer at LMC says he won’t comment on speculation the company is for sale but wants to stress it is going from strength to strength. He […]

It should be me that wins the PSP – it’s just not fair

From Helen Thomas The recent correspondence in Mortgage Strategy on freebies saddens me. I have been a lone broker since March, having worked for numerous companies before that. I now get no freebies from anyone. To be honest, being a young female on her own, fairly attractive with blonde hair and large bosoms, I thought […]

Diversified cashflows are key

Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.


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