Unity introduces prime product range

The lender revealed a range of two and three-year fixed rates and a two-year discounted tracker as part of enhancements to its proposition.

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The three-year fixed rate is available at 5.53 per cent, while the self-cert package has a rate of 5.63 per cent.

Unity has also launched a number of two-year deals, including a fixed rate status at 5.63 per cent and a self-cert at 5.83 per cent. It has also launched a two-year tracker rate with a status at 5.57 per cent with a 1.50 per cent discount for two years, and a self-cert at 5.76 per cent with a 1.50 per cent discount for two years.

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Features of the range include five times income multiples, no credit scoring and uncapped procuration fees.

Ian Nelson, chief executive of Unity Homeloans, said: “Many intermediaries have prime clients that still fall foul of lenders’ credit scoring. We have, therefore, introduced a range of mortgage products that are prime priced and have that advantage of our personalised approach to lending, including individual underwriting and high loan sizes.”

Andy Pratt, chief operations officer at Alexander Hall, said: “Unity is never going to be the biggest lender but it is very good as the product tends to be criteria-led rather than rate-led. As it attracts the business that meets the criteria of the package, we like it a lot.”