The product, which allows up to 100% borrowing if the client’s share is between 50 and 75% is available for purchase and remortgage, both full status and self certification at 2.95% over LIBOR with a 1% discount for the first 12 months.
Paul Robinson, chief executive at SMS said “ The product was launched at the Mortgage Business Expo and proved to be the hit of the show with brokers. It provides greater borrowing flexibility for clients at a keen price and in both self cert and full status guises. The key to the string of good products we have had for Trafalgar has been the feedback from our brokers and the support we have received from Preferred.“
