The range – available exclusively through accredited Money Partners and Money Partners Touch brokers, packagers, clubs and networks – offers improved design features and criteria based on market requests from intermediaries.
Key features include:
• Remortgages up to 100 per cent loan-to-value (LTV) on Money Partners’ near prime range
• Self-cert purchase and remortgages up to 95 per cent LTV on near prime and lite ranges
• Affordability improved with maximum debt-to-income ratio (DTIR) increased to 50 per cent
• Employed first-time buyers up to 95 per cent LTV
• Buy-to-let up to 90 per cent LTV with rental cover at 100 per cent
• Improved heavy-adverse products
• Lender completion fees excluded from LTV up to 95 per cent LTV
In addition, Money Partners will now accept a wider range of non-standard construction properties up to a maximum LTV of 85 per cent, and privately-owned flats up to 95 per cent LTV.
Money Partners does not impose a Higher Lending Charge (HLC) on any of its mortgage products.
Colin Sanders, chief executive officer at Money Partners, said: “Having listened to what our brokers want, we have designed this product range with them firmly in mind. Our objective is to enfranchise more of their mortgage clients in a way that delivers great value while maintaining quality across the board.
“The changes we have made are individually exciting and attractive. But when combined, they offer intermediaries a unique opportunity to access market-leading product features and terms from a single provider. Backed up by award-winning technology and a proven service model that’s second to none, we believe it makes for a pretty compelling proposition.”
