The new near prime max product is aimed at borrowers who may have small amounts of adverse credit, defaults, or historic issues that may limit their opportunities.
Keith Street, Director of Sales, Kensington Mortgages said: “By introducing the near prime max product, we are able to offer more choice and flexibility. Importantly it demonstrates our capability of designing innovative products for the non-conforming market and by offering rates from just 4.35% we believe these to be some of the most competitive on the market.”
This product pilot is only available through selected packagers.
Products features:
- Up to 90% LTV, self-cert available
- CCJs of up to £500
- CCJs of less than £100 and all defaults are ignored
- No CAIS search
- Discounted rates from just 4.35%, fixed rates from 4.60%
- £250 cashback
- Same price for purchase and remortgage
