MDC unveils range of products aimed at packagers

The Mortgage Distributors Co-operative has rolled out its first suite of products for distribution by packager members including Pink Home Loans, ICMG and The Mortgage Operation.

Bristol & West is funding a discounted prime product and a tracker prime buy-to-let mortgage.

The Mortgage Business is backing a prime buy-to-let product on a tracker rate, alongside a prime self-cert mortgage that offers a two-year discount.

The MDC range is completed by two Birmingham Midshires Solutions-funded products – a prime self-cert deal and a self-cert light adverse mortgage.

The MDC is currently finalising the details of a sub-prime product, funded by BMS, which will become available later this month.

Chris Gardner, managing partner at ICMG, says: “The initial range consists of very competitive products.

“We&#39re not looking to provide the best prime products because there are thousands of providers with thousands of products. We are looking to complete big volumes in relatively small niches.”