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Exclusive light poor credit mortgage launched

Fri, 04 Nov 2005

For the third consecutive week, Mortgage 2000 has launched an exclusive mortgage deal, designed specifically for customers with adverse credit problems .

The Light Touch mortgage is available in association with Universal Building Society , exclusive to the m2-mortgage club .

The poor credit mortgage accepts up to £2,500 in CCJs as well as two months mortgage arrears .

A mortgage rate of 5.84 per cent is offered on the light poor credit mortgage . Mortgage borrowers will also receive £250 cashback and could qualify for a free valuation .

Mortgage 2000's product manager, Chris Burton, says he is "enthusiastic" about launching the poor credit mortgage as it brings a "new element" to the m2-mortgage club .

"By working with provincial lenders like the Universal BS, as well as normal high street providers, I hope to produce an unbeatable range of exclusive products in the market," Mr Burton comments.

He adds that people with adverse credit problems who have just missed out on a prime mortgage could use the Light Touch mortgage to get back onto the property ladder with a mortgage rate that is competitive and "a much appreciated cashback".

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