- 100% rental coverage for up to 20 properties. Rates from 6.04%
Near prime- Up to £2 million of borrowing for people with 2 discharged IVAs. Rate 6.75%
Light- Up to £500,000 of borrowing for people with £2,000 of CCJs. Rate 7.19%
Ian Nelson, chief executive, Unity Homeloans, commented: “The current jitters in the housing market are creating buying opportunities for professional investors. Our prime range reflects the fact that rental income may be sacrificed if a buyer is able to get a competitive price, for example due to a distress purchase. Our near prime and light range allow buyers who may have had minor credit issues in the past to still participate in the market. And, because we individually underwrite each case we are making sure that each and every applicant passes not only the regulatory hurdles but our own stringent lending criteria.”
