Mortgage choice improves as new lender enters the market.
Secure Trust Bank Mortgages is the newest lender to enter the mortgage market.
It plans to offer 2, 3 and 5 year fixed rate loans of up to £2million, and for up to 80% loan to value.
They aim to provide home financing services for those borrowers they feel are currently under-served by mainstream lenders. These people could be contractors and the self-employed, those whose credit history is less than perfect and those with multiple-source income streams.
The new products increase choice for the borrower and add to the level of support available for those who are ‘mortgage misfits,’ and fall outside of traditional lending criteria. Secure Trust are also offering tailored underwriting, which means assessing each application on its own merits.
Perhaps one of these new products would be ideal for you, or perhaps a product from another lender, that you may be unaware of, would suit your property goals much better.
The sure way not to miss any mortgage product currently on offer across the UK, is to consult independent mortgage broker, Deal Direct.
For a personalised and professional service, call one of our advisers today.
For expert mortgage advice, call Deal Direct. 0800 048 8828.
