Highlights of the range include arrears in last three months with non-conforming lenders now accepted from Near Prime Extra to Mid Adverse, 100% of any verified benefits/CSA/state pension accepted subject to additional verified earned income, payment history on secured loans ignored, all property types considered, three months proof of residency required and no private landlord’s reference required.
Discounted rates start from 5.24% with two-year fixed rates from 5.49% and three-year fixed rates from 5.29% with no extended tie in. The procuration fees have also been enhanced and are now up to 1.25% via the packaging arm, m2-d& p and 1.65% via the online processing system, Casemaster.
Nikki Haworth, corporate partnerships manager at Mortgage 2000, said: “The Elite range has been designed by Mortgage 2000 and tailored to the needs of our intermediaries and their clients. We will be constantly reviewing the products with feedback from our Intermediary partners. With Preferred’s flexible underwriting criteria and a full time on-site underwriter we will also be able to provide a fast and efficient service. I’m sure these products will be a hit with intermediaries.”
Shaun I’Anson, head of partnership lending at Preferred, said: “We are delighted to be offering this competitive range of products and look forward to further developing our relationship with Mortgage 2000 over the coming months.”
