As one of a limited number of packagers to launch these enhanced LTV products, Connect is at the forefront of bringing these new products to the market.
Highlights include:
- Enhanced 85% LTV, instead of the standard 80%.
- Almost prime customer rates now start from 2.64%
- Near prime (more recent adverse) customer rates from 4.24%
Head of Operations at Connect Mortgages, Kevin Ward, said:
"We are delighted to have this opportunity to showcase these products for Precise Mortgages. Very few partners are getting this exclusive on the LTV. The confidence being displayed by Precise in Connect is a testament to the hard work we have done and the great support of our introducers. I am sure they will appreciate the new criteria and we believe that many more will see our packaging service as a natural home for their mortgage business."
Alan Cleary, Managing Director at Precise Mortgages commented:
"Connect Mortgages has proved itself as a consistent supporter of the Precise cause in both quality and volume terms. So we are pleased to have them and a few other partners lead these new changes to our lending policy. The constant feedback we have from the intermediary market helps to drive our thinking on new products and service, so we are delighted to bring these great enhancements to fruition."
