In addition, LMC have launched a 2.0% discount until 31st December 2005, and a separate 1.75% discount until 30th June 2006, both special payment options are available on all of LMC’s current products.
Kelvin Cooper, Managing Director of SMS said ‘ A very welcome addition to our broker armoury. It adds an extra dimension that extends our ability to fulfil client expectation. Clients with adverse credit can sometimes be turned down because of restricted income multiples. LMC have looked at the problem and come up with an enhanced product.’
Mark Wilson, Sales Director of LMC commented, “Our market research highlighted the need to launch both a self certification product and a full status product which meets the needs of borrowers who have higher levels of impaired credit. At a time when many lenders are concentrating on developing low adverse / near prime mortgage products, we felt that it was important to address the needs of high adverse credit borrowers as this is an area of the mortgage market which has not been so readily served with specialist mortgage product solutions.”
