BDS Mortgage Group has unveiled an additional discount on a range of LIBOR tracker schemes from specialist lender SPML, negotiated exclusively by PMPA for it's members.
SPML, the dedicated intermediary lender has increased the discount on nine of its standard products interest rates, from as low as LIBOR plus 2.75%.
Highlights of the products include a 90% self-cert, for both employed & self employed, an unlimited capital raising - 90% – with no bank statements required and unlimited adverse to 80%.
Phil Jay, managing director, says: “PMPA has once again proved why it is the leading packager association by negotiating exclusive discounts on behalf of it's nineteen members.
“These SPML schemes are not just competitive but very flexible in terms of criteria and requirements. With the recent rate increases this extra discount is more than a welcome reprieve.”