The first deal is offering customers a chance to beat the base rate rises with an exclusive range of fixed rate products for every kind of adverse borrower from near prime to high end. Available from 5.40 per cent for a three-year near prime fixed rate, the deals feature reduced rates that can be added to the loan above the maximum loan-to-value.
The second deal is designed to boost the buy-to-let sector with a 100 per cent rental cover exclusive, helping would-be landlords beat the effects of rising interest rates and continued house price inflation on relatively steady rental returns.
Dudley Aldous, Praxis’ sales and marketing director, said: “Being selected by Kensington as one of the very few, key, trusted distributors for these exceptional deals is testament not only to the strength of relationship with the lender but also the sheer size and quality of our broker base. Arriving on the back of Praxis being selected as the exclusive distributor for new lender MBSL, it clearly highlights our position as the pre-eminent player in the sub-prime market.”
