In brief

Mortgage Works introduces adverse credit range

The Mortgage Works has launched a range of adverse credit mortgages. The new mortgage portfolio offers light adverse and credit repair mortgages at low fixed and discounted rates with no extended early redemption charges. Matthew Wyles, group development director at The Mortgage Works, said: “This product launch will act as our bridgehead into the adverse market.”

FirstrungNow.com offers helping hand to FTBs

FirstrungNow.com has added a ‘Finding a Deposit’ service to its website to assist first-time buyers. This development of the service follows the new Shared Ownership Section explaining how shared ownership works and how to apply for it. First Rung director Helen Adams comments: “Looking at current property prices, the situation for first-time buyers is very tough.”