This is to further assist brokers in placing a wider range of deals they may otherwise lose.
Typically consent is declined by first charge lenders if there are mortgage arrears or if the client has not had the mortgage for 6 months or more.
Loan terms of between 3 to 25 years and unlimited CCJs and arrears are offered.
The four offers are also available:
- A 2% discount for 1 year
- An initial 3 months interest free payment holiday
- Interest only for the full term
- 6 months cash back
