New Credit Repair Mortgage Or Remortgage
Enable Finance is pround to announce a new Credit Repair Mortgage and Remortgage product funded by Mortgages plc. The non-conforming mortgage will allow borrowers to repair their credit record after 12 months.
Mortgages Plc said it will be the first to launch this kind of mortgage deal in the UK bad credit or non-conforming mortgage market. The product, which is available from 20 November, allows borrowers to then remortgage without incurring onerous redemption charges.
It offers a choice of a one-year fixed or tracker with rates depending on LTV and status. After 12 months, the borrower can then remortgage onto any other Mortgages plc product. Alternatively, borrowers can remortgage to another lender if they wish to do so.
Other key features include 85% LTV on heavy and 80% LTV on unlimited products, any amount of CCJs or arrears, arrears with an adverse credit lender are allowed up to 75% LTV, where loadings will apply.
Although the rates are slightly higher than normal for a short-term fixed or tracker, the product is perfect for borrowers who have experienced credit problems and want to get their finances back on track. This unique mortgage product is available now with Enable Finance.
Enable Finance Ltd. are national Mortgage & Loan specialists providing a comprehensive advice and regardless of your personal circumstances.
Mortgages Plc said it will be the first to launch this kind of mortgage deal in the UK bad credit or non-conforming mortgage market. The product, which is available from 20 November, allows borrowers to then remortgage without incurring onerous redemption charges.
It offers a choice of a one-year fixed or tracker with rates depending on LTV and status. After 12 months, the borrower can then remortgage onto any other Mortgages plc product. Alternatively, borrowers can remortgage to another lender if they wish to do so.
Other key features include 85% LTV on heavy and 80% LTV on unlimited products, any amount of CCJs or arrears, arrears with an adverse credit lender are allowed up to 75% LTV, where loadings will apply.
Although the rates are slightly higher than normal for a short-term fixed or tracker, the product is perfect for borrowers who have experienced credit problems and want to get their finances back on track. This unique mortgage product is available now with Enable Finance.
Enable Finance Ltd. are national Mortgage & Loan specialists providing a comprehensive advice and regardless of your personal circumstances.
posted by Kumar Regmi @ 1:58 AM
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