SPML, the dedicated intermediary lender has increased the discount on nine of their standard products interest rates, from as low as LIBOR + 2.75 per cent.
Highlights of the products include:
- 90% self-cert – employed & self employed
- Unlimited capital raising – 90% - no bank statements required
- Unlimited adverse to 80%
- Remortgages within pre-emption (up to 85% after 6 months)
- No sub prime reference scheme – 70%
- 2nd charges up to £15k ignored – even sub prime
- 90% OMV, 100% Disc PP
Phil Jay, Managing Director comments: “PMPA has once again proved why it is the leading packager association by negotiating exclusive discounts on behalf of it’s nineteen members. These SPML schemes are not just competitive but very flexible in terms of criteria and requirements.” He continues: “With the recent rate increases this extra discount is more than a welcome reprieve!”
Brokers can call the New Business Team on 0845 58 53 53 to find out full details of the products.
