Freedom Lending, the specialist mortgage lender, is broadening its product range with effect from Monday September 12.
Products include avery near prime and near prime discounted range up to 90% LTV, bridging the gap between its current prime and adverse ranges.
There is a range of Bank Base Rate lifetime trackers – available on prime, self cert, full status, let to buy and buy to let products, with and without early redemption charges.
Buy to let (rental and earned income) is also available as part of Freedoms core range rental income plus surplus personal income is taken into consideration, giving higher borrowing limits.
There is a new standard adverse 2 year discounted range – with no overhanging early redemption charges.
75% LTV rate band is introduced creating lower rates for customers with larger deposits.
Colin Snowdon, Freedom Lending managing director, says: We have listened carefully to feedback from brokers and have incorporated their suggestions into our product range.
These enhancements place our products amongst the most competitive available and the feedback we have received from some of our key distribution partners has been excellent. I have no doubt brokers will be equally as excited by our new
Freedom Lending has also increased its procuration fees by 0.1% for all applications received up to October 31 05.