Both products are offered without early repayment charges and are aimed at the volume prime self certification and buy-to-let markets.
Richard Stokes, Head of Product Development at The Mortgage Times Group comments: “I strongly believe the prime self certification will be an excellent seller as there is a marked synergy between variable earnings and the ability to adapt payments. Experience tells us that the demand is equally prevalent for buy-to-lets without early repayment charges, particularly amongst professional investors who like to have fluidity with their assets in case they do not realise the desired rental return.”
Martin Reynolds, Head of Key Accounts at BM Solutions commented "Both of these products once more demonstrate our commitment to offer innovative, fair and transparent products that provide choice to both the customer and the intermediary. By launching these through The Mortgage Times Group we are also linking up with a distributor that always offers something that little bit different."
The prime self certification loan has an initial pay rate of 5.64%, and has fully flexible features.
The prime buy-to-let loan has an initial pay rate of 5.94%.
