The launch of this new range means that intermediaries will benefit from the combined strengths of both Bristol & West Mortgages and Mortgages plc.
The result will be:
· Highly inclusive and simple lending criteria from Mortgages plc,
virtually unrivalled in the UK market
· New improved product range with highly competitive rates across a
range of LTV's (now up to 95%), all linked to Bank Base Rate
· A more flexible and streamlined service from Bristol & West Mortgages
· Highly competitive procuration fee paying up to 1.5% on most products
The range includes products for all types of adverse clients including self cert, full status, purchase and remortgage. The range spans all levels of adverse clients from near prime to heavy.
The relationship means that Bristol & West Mortgages will receive and process all applications, while Mortgages plc will advance the loans and administer the mortgage account.
Dominic Toller, head of marketing at Bristol & West Mortgages, said: 'We are delighted that we can now offer one of the most comprehensive adverse ranges in the UK, coupled with the levels of service you would expect from one of the country's leading specialist lenders.'
'Our new range is just what intermediaries have been asking for ? it is flexible, easy to understand, competitive and comprehensive.'
