Victoria Mortgages recently launched into the UK market, offering income multiples of 5 x joint income, no Higher Lending Charge, and the ability to borrow on a larger range of unusual properties than any other non-conforming UK lender. Victoria Mortgages currently only distributes its products via 18 packagers.
Tony Salentino, director of CMLS, said “Victoria Mortgages has entered the market offering products that not only fill a gap in the market place, but also come with a 2% year one discount on all products. Victoria Mortgages’ parent company, Venturion, also owns The Mortgage Operation (TMO) and they have clearly benefited from TMO’s experience in designing products that are certain to be very popular. We are delighted to add Victoria Mortgages to our packaged lender panel, and look forward to working together to give brokers a first rate service. Victoria Mortgages’ decision to lend only through a limited number of packagers is a solid endorsement of the important role of packagers, both under current market conditions and into the future.”
CMLS is a founder member of the Professional Mortgage Packagers Alliance (PMPA); an established mortgage network with around 30 AR members; and a mortgage packaging franchise group.
