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Blemain looks to boost lending

Blemain Group is looking to boost its lending volumes by introducing product plans to cover any borrower status.

Product plans include an ‘any status’ product for residential second charge lending that includes options from prime to unlimited adverse.

Rates have been reduced for bridging finance across all Blemain Group lending companies, and LTVs have increased for all commercial lending products from Lancashire Mortgage Corporation.

Blemain Group’s core products of early payment plan, discounted rates and interest only have been retained.

Gary Bailey, director of Blemain Group, says: “We aim to provide brokers with an innovative and responsive approach to lending despite the troubled market and the withdrawal of more lenders recently.

“I believe that Blemain Group is now the only lender that has specific plans to cater for the entire spectrum of client status; from prime to heavy adverse, for both residential and commercial mortgages or loans.”

He adds: “Blemain Group has substantial funding available and a strong appetite for new business.”

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