This is the second exclusive offered by the lender and association and allows members of the PMPA to access four non-conforming product categories. As part of the exclusive, ADV:100 and ADV:200 products are priced lower than the standard ADV range, with an additional procuration fee payable across the four exclusive product categories.
Loan amounts are limited to a maximum £500,000 on loans of up to 75 per cent loan to value and £350,000 for loans up to 80 per cent loan to value. A choice of two and three year fixed rates are available, starting from 7.19 per cent.
PMPA lender relationship manager, Helen Hymos said: “PMPA is privileged to be able to offer at this critical time in our market place, non-conforming choices of two and three year fixed rates from Advantage that undercut their core ranges. PMPA is delighted with the commitment that Advantage has made to the PMPA members and that they recognise the quality distribution that we deliver to our lender partners.”
Advantage director of sales, Jeremy Duncombe added: “Advantage understands the pressures faced by packagers particularly in the current, turbulent market climate. However we continue to support packagers and this second exclusive deal with PMPA re-affirms our dedication to them.”
Kevin Paterson, group marketing director at Enterprise, said: “This can only benefit members as if a lender can demonstrate volume to the exclusives then it works.”
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