Advantage relaunches self-cert and ADV ranges

The product ranges are available via e:lect and the sourcing systems immediately.

Aimed at the mainstream market, the self-certification range of products is available to both employed and self-employed borrowers. The Advantage range is based on affordability rather than income multiples and no further evidence of income is required (subject to reasonability checks).

The ADV non-conforming product range covers most of the non-conforming sector and recently introduced product categories in direct response to research from intermediaries that their clients have negative feelings towards the more traditional non-conforming categories such as heavy adverse. The ADV non-conforming range has seven product categories ADV: 100 to ADV: 700.

Changes to the product ranges include:

ADV Non-conforming

• New one- and two-year tracker rates
• New two- and three-year fixed rates

Self-Certification

• Linked to Bank Base Rate (not LIBOR)
• New two-year tracker rates
• New two-year fixed rates

Keith Dearling, managing director, Advantage, said: “We continuously review our product ranges and look at how market conditions are affecting brokers, packager, networks and customers and how we can enhance our offering to meet changing needs. At the present time there is a high demand for alternatives to 2- and 3-year fixed rates, as these are proving too expensive for customers. To meet this demand, we have today launched a range of tracker rates which are more cost effective for customers. These are available on our self-cert and ADV non-conforming product ranges."