The new products consist of:
New Fixed Rates – Available on all CCA regulated and unregulated loans, mortgages, Buy to Let, residential, semi-commercial, or commercial.
Shared ownership – New mortgage and secured loan shared ownership plans. Up to 60% of the clients share for a secured loan. Offering brokers new opportunities that they may have missed in the past.
Enhancements to existing plans include:
Improved Equitable Charge Plans - for those cases where consent has been declined. Increased LTVs, loan amounts and relaxed criteria.
Enhanced Valuation Bypass Scheme - Increased LTVs and maximum loan amounts. More case can be funded without a valuation.
Mortgage Reference Bypass Scheme – Experian as well as Equifax searches can now be accepted.
Clear Bridging Finance – One 1.25% rate on all LTVs, first or second charge, any status, any property. No interest rate loading for deferred payments, payment deduction, roll-ups or stage payments. And we continue to view those cases outside of the criteria on their individual merits.
Gary Bailey, director for Blemain Finance advised that: “We are delighted about our latest products and the benefits that they offer to our brokers. Blemain Finance has doubled business in the last six months through our innovation and commitment to brokers we aim to continue the trend. We feel that with the new fixed rate offering and shared ownership plans Blemain Finance has created a range of options that satisfy a need in the market that other lenders do not cater for. The enhanced valuation bypass scheme and mortgage referral scheme will mean even more cases will be completed without the cost of a full valuation.”
