The improvements will allow brokers greater flexibility when looking to place business for a wider range of clients.
The two enhancements are:
• ‘C’ Type property plans
- Introduced for non-standard construction, defective, high rise flats, low/poor value etc.
- Can be used for properties that are not normally lent on for certain purposes if the property is defective, non-standard, buy-to-let etc.
• Shared Ownership
- 100 per cent of the client’s share of the purchase price with unlimited arrears and adverse credit
- Opens up more opportunities for brokers to help borrowers whose only chance of getting on the property ladder is through shared ownership.
These enhancements are in addition to the discounted rates, three months payment holiday, interest only for the full term and six months cash back offers already available.
Gary Bailey, director of Cheshire Mortgage Corporation, said: “These latest enhancements to Cheshire Mortgage Corporation products further demonstrate our commitment to finance brokers in order to give them even more options to find finance solutions for their clients, whilst still receiving excellent commissions. Feedback from brokers has been very positive and I’m pleased that we continue to respond to the needs of our brokers.”
