The new products comprise:
- Early Payment Plan to help keep down the initial costs of a loan for 3 or 6 months.
- Bridging Finance Plans including Short Term Plan, Early Payment Plan and Payment Holiday options with uncapped commissions.
- Ffirst and second charge product matrix with uncapped commissions and solicitor’s costs and insurance included in the acceptance fee. Enhanced Low Adverse Plan.
- Brokers can now offer ‘capital repayment’ or ‘interest only’ on unregulated mortgages and loans with a combination of 3 months Payment Holiday, 3 or 6 months Early Payment Plan or 2 per cent Discounted Rate for 1 year. These core products are available up to 70 per cent LTV for unlimited adverse.
"Payment holidays, discounted rates, interest only for the whole term and now the new Early Payment Plan will help brokers convert more business. They have enabled us to add yet more value to an offer that is already highly competitive.”
