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Cheshire Mortgage Corporation to help Salt brokers

Cheshire Mortgage Corporation has confirmed its continued commitment to the mortgage market following the close of Salt Finance.

It says it is offering brokers having trouble placing business a helping hand by assessing non-conforming cases on their own merit.

Gary Bailey, director of CMC, says: “CMC has a strong appetite for new business and is still offering ‘All status’ mortgages and bridging finance. We also cater for all income sources, including Benefits/DSS and self-cert, and any property type including non-standard constructions, buy-to-let and shared ownership.

“Our mortgages can have a combination of interest only, a 2% discounted rate or an early payment plan. We will be happy to assist any brokers who encounter difficulties placing business, even if the case is outside normal criteria we will always take a view.”


IMLA calls for action from BoE

The Intermediary Mortgage Lenders Association is calling on Bank of England governor Mervyn King to urgently address the lack of mortgage finance and boost investor confidence.

Estate agents report less than one sale a week

Data from the Royal Institute of Chartered Surveyors reveals that some estate agents are conducting less than one sale per week amidst the lowest transaction levels since the survey began.


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