The company, one of the leading specialist mortgage packagers in the Midlands, launched its Liberator range in March. All Liberator products are designed to cater for the long-term financial needs of consumers and offer the highest levels of transparency.
From today, its intermediary partners will receive details of the new deals it – and other members of the Regulatory Alliance of Mortgage Packagers (RAMP) – has brokered with Platform and TMB.
Key features include:
- Minor adverse: a LIBOR interest rate starting at 4.25 per cent, which offers a maximum loan of 75 per cent. Maximum CCJs allowed are for £1,000 in total, while total arrears should not exceed one month in the last 12. The product is funded by Platform.
- Self-certification: offering a three-year bank base rate tracker plus .80 per cent; after the end of the third year the loan reverts to an interest rate of 1.75 per cent over base rate. A maximum LTV of 85 per cent is allowed. Funding is provided by TMB.
- Buy-to-let: like its self-certification cousin, this deal offers a three-year bank base rate tracker plus .80 per cent; after the end of the third year the loan reverts to an interest rate of 1.95 per cent over base rate. A maximum LTV of 85 per cent is allowed. Funding is provided by TMB.
- A cashback of £650 is available on all three deals.
“These new products represent great value to brokers and their clients,” commented IMB director Wendy Peace. “As a company we are always seeking ways of adding value to the relationship we enjoy with our advisers and their clients. The launch of these new products is a great example of this commitment in action.
“We are currently in negotiations with other products providers in order to obtain more market-leading exclusives. We will soon be in a position to offer other innovative products to our intermediary supporters.”
