Commenting on the move, Dominic Toller, head of marketing at Bristol & West, said: “ We are the only high street lender to offer adverse credit mortgages under our own name and we have worked for a year with Mortgages plc to ensure that we can offer the best possible combination of rates, criteria and service to our customers.”
The lender will give loans to people with light, medium or heavy adverse credit history up to 95 per cent LTV for light adverse credit, 90 per cent for medium and up to 85 per cent for some medium and heavy adverse. Bristol & West will handle all applications right up to completion and all of those that do not fit the lender’s current criteria will be underwritten and funded by Mortgages plc.
