The new criteria mean that Blemain Group is now the only lender that has specific plans for prime through to heavy adverse for both residential and commercial borrowers.
The plans feature a new, ‘any status’ product matrix for residential 2nd charge lending that includes detailed options from prime through to unlimited adverse. The matrix has been designed to assist brokers with a precise indication of how their cases fit criteria.
The new product plans also include reduced rates for bridging finance across all Blemain Group lending companies.
LTVs have been increased for all commercial lending products available from Lancashire Mortgage Corporation.
The Blemain Group remains committed to the market and core products of early payment plan, discounted rates and interest only have been retained.
Blemain Group Director Gary Bailey said: “We are delighted that we have been able to launch these new plans and reintroduce our unlimited adverse offer for residential 2nd charges. As always, we aim to provide brokers with an innovative and responsive approach to lending despite the troubled market and the withdrawal of more lenders recently. I believe that Blemain Group is now the only lender that has specific plans to cater for the entire spectrum of client status; from prime to heavy adverse, for both residential and commercial mortgages or loans; and should be the first choice for any brokers looking for bridging finance.
“Blemain Group has substantial funding available and a strong appetite for new business. I hope that both existing brokers and new partners will visit our website at www.brokervenue.co.uk to download the new plans and take advantage of what we can offer.”