First Mortgage Options (FMO) has extended its 100 per cent loan-to-value funding product nationwide.
The product, aimed at those renovating and refurbishing property, has been available in the North-West since July but is now accessible to self-builders across the country.
Funding can be provided within 48 hours if necessary and is available between two and 12 months, as long as prove of enhancing the property’s value is submitted.
Amber launches Mutual One partnership
Mutual One has launched a scheme with Amber Homeloans aimed at giving mutuals greater access to non-conforming products.
Ten building societies have signed up to the scheme, which will see them maintain control of the sales process but be allowed to access Amber’s complete product range and cascading underwriting system.
Both parties are hoping to promote the scheme to the wider mutual market in early 2007.
