Infinity Mortgages returns to lending market

The lender had withdrawn at the beginning of August after funding issues affected its primary backer, Investec – a situation which also forced Unity Home Loans out of the market.

However, Infinity has secured a line of credit and has begun lending again, although Matt Gilmour, chief executive of Infinity Mortgages, insisted the entire industry was not yet out of the woods.

He said: “Contrary to widespread speculation, we are back. I’m delighted to announce that we have secured funding for a new range. The past few weeks have been incredibly difficult and I thank our loyal customers for their messages of support.

“There remains little sign of the global financial markets returning to normality. As a lending community we need to be very careful in the short to medium term to ensure that business written remains attractive to capital markets investors given experiences in the US.”

Infinity has launched a super-prime range which starts at 7.99 per cent for a two-year fix, available to 95 per cent loan-to-value and allows discharged bankruptcies and satisfied Individual Voluntary Arrangements in the last six years.

There are no higher lending charges and a debt-to-income ratio up to 45 per cent exists.

David Mead, managing director of, said: “Brokers will welcome Infinity back to the market and it will give more choice to consumers. However, some brokers may treat it with a degree of caution at first.”

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