The specialist lender has developed an expanded line-up of five product lines: Near Prime, Super Light, Light, Medium and Heavy, suitable for even more customers. The amount of adverse credit permitted on each mortgage has been standardised to an easy to understand format.
Rates and discounts are also more straightforward, with initial pay rates from as low as 4.00% and discounts up to 1.75%, depending on the loan to value and the borrower’s adverse credit history. In addition to the new range, Mortgages plc continues to cater for borrowers requiring Right to Buy or Buy to Let mortgages.
