It has also launched the ADV non-conforming range along with Advantage’s first-time buyer (FTB) product Flexishare.
Main features of the non-conforming range include a £150 valuation refund on completion on all cases received by 31.1.07, right-to-buy available up to 90% with no additional loading and self certification allowed up to 90%. The Flexishare product offers a partnership for FTBs who are having difficulty getting on the property ladder. Offering part residential ownership loan and part conventional mortgage depending on the client’s requirements, Advantage Home Loans shares proportionally in any appreciation and depreciation of the property during the lifetime of the loan.
According to Exclusive Connections' managing director, Matthew Arena, this is just the beginning of new appointments in 2007: “Advantage is the latest lender to join our panel and represents the best attributes which we look for in all our lenders. Having great products is clearly a good starting point and with Advantage, products such as Flexishare which give first-time buyers a unique opportunity to reach the first step of the housing ladder, should be in every intermediary’s portfolio. Lenders also need to demonstrate that they understand the unique mix of our members and their requirements and Advantage‘s product range and service ethos are particularly well geared to our type of introducer. Exclusive Connections’ lender panel represents the best that the industry has to offer and we look forward to working with Advantage over the coming years.”
