Victoria Mortgage Funding are a new lender coming to the Market in May. Primarily their product range will concentrate on sub-prime lending and unusual properties.
The type of property that Victoria Mortgage Funding will be able to assist with (where other existing lenders may not) include:
- Unlimited high rise buildings (i.e. 15th story)
- Unusual construction (i.e. timber framed construction)
- Properties over any type of commercial premises
- Right to Buy flats (valuations over £100k)
Victoria Mortgage Funding will also be able to assist applicants by offering enhanced income multiples (up to 5 x joint income to 85%).
Vic Jannels Managing Director of the AToM Group said: “This is a fantastic opportunity for AToM and the other packagers that have access to Victoria Mortgage Funding. There has been a huge gap in the market for a lender bold enough to take the decision to lend versus traditional restrictions. We look forward to working with Victoria Mortgage Funding and wish them every success as they enter the mortgage market at such an exciting time!”
