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Freedom Lending broadens product range

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
product offering.

Freedom Lending has also increased its procuration fees by 0.1% for all applications received up to October 31 05.


Money partners reduces rates

After the recent three-month LIBOR reset, specialist lender Money Partners Limited has dropped its variable rate to 4.65% effective from September 1, 2005.This means that both discount and variable rates have been reduced for the second time in just four weeks, with a one-year discount on Money Partners’ new Premier product now starting at 4.05%.There […]

Portman panel cut slammed

Portman and The Mortgage Works have been criticised for reducing their surveying panel to just five firms. Jonathan Cornell, technical director of Hamptons International Mortgages, says by doing this they are disadvantaging everyone as well as reducing competition. Portman has decided to reduce the panel to Colleys, Wolton, Chancellors, e.surv and Countrywide/SPS. It has also […]

Capped sub-prime deal

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OFT approves estate agents’ code of practice

The Ombudsman for Estate Agents has secured Office of Fair Trading approval for its code of practice. The code is designed to ensure consumers get a fair deal when using OEA estate agents. The OEA represents around 40% of estate agency offices. Members can now use the code logo. The OFT only approves codes that […]

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


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