The products allow for CCJs up to £7,500; an introduction of a 90 per cent loan-to-value (LTV) on light adverse and £1 million self cert and £1.5 million full status. Procuration and packaging fees are uncapped and there are no credit scorings attached.
Rates on the Unity range start at 5.69 per cent on a two-year fixed rate. A three-year fixed rate option is also available on all product categories
Ian Nelson, chief executive, Unity Homeloans, said: “Unity is committed to offering innovative and market leading products and we are constantly updating our ranges in consultation with our packaging partners and brokers.
“We aim to give brokers as wide a range as possible with products specifically geared towards the individual customer with individual underwriting and no credit scoring. With uncapped proc and packaging fees it’s a range that brokers will struggle to beat.”
Anthony Badaloo, manager at Church Hill Finance, said: “The non-conforming market is well served at the moment. I doubt this is a strong enough differentiation to make any strong impact on the market based on the features alone.”
