One small piece of
good news, and hopefully a step towards a more buoyant market is the fact that
we have been able to reintroduce Credit Repair mortgages into our range. These
provide clients who might have less than perfect credit histories with access to
mortgage funding, despite current market conditions. Equally importantly
it gives them the chance to make a clean break and tidy up their credit file.
Once that has been done they are free to transfer their mortgage to a more
competitive rate without having to pay an Early Repayment
Charge.
Variable rates start
at 8.00% which reflects the fact that CCJ's, defaults and missed payments will
be considered but that is clearly far cheaper than a number of people will be
paying on other commitments and, let's face it, in the scheme of things it isn't
really that bad. Particularly when you accept that the client should be able to
move on with minimal expense in the near future.
It's only a stepping
stone. But it's one that wasn't there a few short months
ago.
These mortgages are
funded by MBS and Cheshire Mortgage Corporation.
For more information call us on (01244) 674411 or email me at shaunv@selectps.biz
For more information call us on (01244) 674411 or email me at shaunv@selectps.biz
