"It is very rare to find a completely hopeless mortgage case," said Kevin Cooke, Head of Mortgages at London Scottish Mortgages, speaking at the launch of the company’s enhanced product range.
"Most lenders are only interested in making borrowers fit into their lending models. LSM is different. We actively look at ways to make a mortgage offer where other lenders decline. Put simply, LSM is interested in taking on mortgages for people who have the intent to repay but are receiving income from sources which other lenders are not happy to accept. LSM will also help people who wish to buy unusual property, which other lenders see as a risk to the security of their loan, such as high rise flats and construction types which are usually an automatic decline."
John Mawdsley, director of national packager, The Mortgage Partnership said: "LSM have been a welcome addition to our lending panel and have proved to be an extremely effective partner already. They are always prepared to look at cases which have slipped through the net and our brokers are very pleased that there is a resource like this which they can use.’"
