Our Products
Standard secured loans
Important notes:
With so many plans available, defaults, some CCJs and past arrears can be assessed as not "existing". In general, each months' arrears and CCJ counts as "1 Status" point. Use the typical plans opposite only as a guide as we will always source the cheapest loan plan for the client's circumstances from our panel of lenders...helping all we can.
Since ICOB rules of 14.01.05 during processing, if clients demands and
needs are relevant, an optional single premium payment protection
policy may be taken by them. If they take this option and we arrange it
for them, an additional 1% of the net loan value will be paid to you as
the introducer after the 30 day cancellation period for the insurance
has passed (provided the clients have not cancelled the policy).
No additional commission will be paid for applications that complete with monthly premium protection policy
Prime and Mild Adverse plans
Below is a selection of our products - we have over 400 to choose from! For details of other products, call us free on 0800 316 4848.
Plans depend on:
- Can the client prove their income?
- Does the client want to self-certify their income?
- Has the client had CCJs, defaults or arrears?
- Has the client had mortgage arrears in the last 12 months?
- Does the client want us to ignore their current credit commitments?
- What percentage of the property is mortgaged?
| LOAN ADVANCE CRITERIA | COMMISSION (of gross loan) | ||||||
| PLAN | APR % |
MIN | MAX | TERM (Years) |
#STATUS | LTV | |
| 1 | 7.9 | 25.5K | 100K | 10-25 | 0 | 75 | 2.5% |
| 2 | 7.2 | 20K | 100K | 10-25 | 0 | 125 | 1.0% |
| 3 | 8.9 | 25.5K | 100K | 5-25 | 0 | 95 | 3.5% |
| 4 | 11.2 | 10K | 75K | 5-25 | 0 | 125 | 3.5% |
| 5 | 9.7 | 10K | 75K | 5-25 | 1 | 100 | 2.0% |
| 6 | 11.65 | 10K | 40K | 5-25 | 2 | 95 | 3.0% |
| 7 | 13.4 | 10K | 50K | 5-25 | 0 | 125 | 3.0% |
| 8 | 9.98 | 25.5K | 75K | 5-25 | 1 | 80 | 3.0% but all defaults ignored and only current mortgage arrears count% |
* With Plan 7 - only 6 months prime mortgage lender history required even for first time buyers on this plan!
- Drive-by valuations used wherever possible (no cost to your clients EVER for valuations)
- Most CCJs >3 years old ignored
- No valuation plan available up to £25k
- Most CCJs and defaults <£250 ignored
- Some plans all defaults ignored if <3 years old
- Most mortgage arrears >12 months old ignored - some plans all previous mortgage arrears and only current arrears count
- Plans available for tenanted properties
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