Brokers can offer a secured loan or mortgage with 2 per cent discount, interest only, a payment holiday for the first 3 months and 6 months cash back, while still earning the same commission.
The four products consist of:
- Three month payment holiday
Interest free for the first three months period, with no payments due, is available on all residential mortgages and unregulated residential term loans.
- Discounted rates
A 2 per cent rate discount is available for the first 12 months on residential, semi-commercial or commercial mortgages and unregulated loans.
- Interest only for the full term
All mortgages and unregulated term loans whether residential, semi-commercial or commercial can now be offered for the full term as interest only.
- Six Months cash back
The client will receive the equivalent of six months payments as cash back at the end of the term.
Gary Bailey, director for Blemain Group commented: “We are delighted about our latest products and the benefits that they offer to our brokers. We feel that Blemain Group has satisfied a need in the market that other lenders do not cater for. This coupled with our valuation, mortgage reference and redemption figure bypass schemes will give brokers products that can sell themselves, with easier processing and great commissions.”
