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Self-cert mortgage range revitalised

Fri, 02 Dec 2005

BM Solutions has launched a new range of self-certification mortgages for potential borrowers that do not fit traditional mortgage lending criteria to qualify for mortgages.

Aimed at the self-employed and those unable to prove their income, the revitalised mortgage range offers various mortgage options to homebuyers and those looking to find a remortgage.

Highlights of the new mortgage range include a remortgage deal that offers a fixed mortgage rate of 5.35 per cent until March 1st 2007.

This remortgage deal offers a refund on valuation and free remortgage service. A maximum loan to value of 85 per cent applies to this loan.

The mortgage range also includes a two-year and five-year tracker mortgage with a mortgage rate of 5.09 per cent. Borrowers taking out the five-year mortgage will get cashback of £1,000.

All these mortgages are available at a maximum loan to value of 85 per cent, reports Mortgage Introducer.

Martin Reynolds, the head of sales at BM Solutions, says the new "strong additions" to the mortgage range provide a "well-rounded self-cert offering".

Other mortgages available from BM Solutions include a 90 per cent loan to value tracker mortgage that has a mortgage rate of 5.34 per cent.

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