The addition of Rooftop to its panel takes the number of lenders Trustguard packages for to 21. The packager has total control over the application and issue offers, and organises completions in-house.
Features of the product criteria include income multiples up to five times single and 3.5 times joint income and up to 90 per cent LTV. Self-certification is available for first-time buyers and self-employed clients, and the maximum loan amount at 90 per cent LTV is £350,000.
Buy-to-let products are available with no proof of rental income and remortgages are available from a non-conforming lender with no mortgage reference. Foreign nationals with no permanent right to reside are accepted but must have lived in the UK for three years and have a minimum 12 months unexpired on their visa.
Sian Brown, national sales manager at Trustguard Credit Services, said as Rooftop does not accept business direct from brokers or clients and only markets products through a selection of packagers, Trustguard is pleased to add it to its lender panel. “There is demand from our brokers, and we’ve received really positive feedback about Rooftop from other Professional Mortgage Packager Association (PMPA) members,” she explained.
“Some of its lending criteria is quite unique and it’s supported by some very competitive procuration fees. We’ve already started to take business in from Rooftop and I’m confident that this will continue in the coming weeks and months,” Brown added.
Rooftop has also been added to the lending panel of The Mortgage Bureau (UK). It is offering free valuation on all Rooftop schemes, including a 6.99 per cent three-year capped 75 per cent LTV remortgage with any adverse level.
