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BDS adds discount to SPML LIBOR trackers

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&#39s 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 &#45 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&#39s 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.”

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