The product range marks Freedom’s entry into the UK market as a mortgage lender and includes full status, self-cert, buy-to-let, let-to-buy and non-conforming mortgage products.
Freedom has developed an innovative range of products which seek to address restrictive lending criteria, such as limited income multiples, credit score based underwriting, higher lending charges on prime products and inadequate LTVs. All products are linked to Bank of England base rate, not LIBOR or SVR, to promote transparency and understanding for borrowers.
Tony Jones, managing director at Pink Home Loans, comments: “We are delighted to be the first distributor to launch Freedom’s new proposition to the intermediary market. Pink is a well-respected and trusted name in the intermediary market and we have a strong service proposition, which is why Freedom has linked up with us to launch its first range of mortgage products.”
Colin Snowdon, managing director of lending for Freedom Finance, said: “Differentiating a new product range in today’s highly competitive mortgage market is no easy task, but we believe our products overcome some of the issues which have posed problems for brokers for some time. Development research has been very encouraging – we look forward to seeing how intermediaries respond to our new product line-up.”
Product summary
Mortgage brokers requiring further information about the Freedom Finance product range can phone Pink Home Loans direct on 08707 590169 or visit the Pink Home Loans’ website at www.pink.uk.net
