The exclusives, available due to Complete’s membership of the Professional Mortgage Packagers' Alliance (PMPA), offer a 0.10 per cent reduction on ADV:100 and ADV:200 with two or three year fixed rate options of 7.19 per cent on ADV:100 and 7.24 per cent on ADV:200.
Other attractive features of these exclusives include: no higher lending charge; no ERC overhang; Right-to-Buy available up to 90 per cent LTV, and CCJs classified by number not amount.
Affordability is based on debt-to-income ratios of up to 45 per cent for employed and up to 50 per cent for self employed applicants, and fees can be added above the maximum LTV. Loan amounts are limited to a maximum £500,000 on loans of up to 75 per cent LTV and £350,000 for loans up to 80 per cent LTV. Loans are available in England, Wales, mainland Scotland and Northern Ireland.
Tony Salentino, director of Complete, commented: “We are delighted to be able to offer brokers access to these new exclusive products from Advantage, which are genuinely better value for customers than the lender’s core range."
Jeremy Duncombe, director of sales – Advantage added: “Complete is an important distributor in the non-conforming market and, Advantage was keen to offer exclusive rates that would really add value to PMPA members’ brokers and help them meet the needs of borrowers.”
