These enhancements include amongst others:
- A brand new income and expenditure calculator designed to be easier to use and give greater certainty and clarity on affordability;
- Removal of disposable income rules;
- Inclusion of additional income streams (Overtime, Bonus etc);
- A redesign of the lending policy to make packaging simpler.
Central Trust is also pleased to announce the appointment of Wilson McKendrick as their supplier for pre registration legal services for all Scottish applications.
The changes follow on from Central Trusts well received changes announced in September 2011 and are available immediately for use.
Debbie Burton, Managing Director at Central Trust Limited, said:
”These changes demonstrate our commitment to the introducer sector and our flexibility as a lender who understands and responds to our introducers needs.
"We feel these changes will assist our introducers in placing, packaging and completing applications in a simpler and faster way, and we look forward to a prosperous 2012 for both us and our introducers”
