The specialist lender will be making its full range of products available which includes five product lines: Near Prime, Super Light, Light, Medium and Heavy, making them suitable for most customers with an impaired credit record. Buy to Let and Right to Buy products are also offered by Mortgages plc.
Paymentshield already has in excess of 1000 members in its mortgage network. The Company deals with more than 16,500 insurance agents and therefore has plenty of scope for future growth. Paymentshield will be paying highly competitive procuration fees on all non-conforming business (1.15 per cent on all products other than Near Prime, where the rate of commission will be 0.55 per cent).
Mortgages plc Sales & Marketing Director, Peter Beaumont, said: “Mortgages plc is delighted to be joining the Paymentshield mortgage panel. They have an exciting proposition for mortgage brokers, which carries with it the weight and credibility of an established and trusted network brand.”
Gareth Riding, Sales & Marketing Director of Paymentshield, comments: ‘Mortgage plc are a welcome addition to our panel, enhancing our mortgage distribution channel to a wider audience. Their highly competitive product range for the non-conforming market will allow us to offer a comprehensive solution to the needs of all mortgage brokers.’
Paymentshield is planning a number of Roadshows in March 2004, where they will be presenting their network proposition to mortgage brokers. For further information, visit www.paymentshield.co.uk/roadshows.
