Future Mortgages attacks the mainstream Self-Certification market with launch of new 85% LITE Mortgage

Amanda Jarvis

February 17, 2003

– The Future 85 LITE mortgage is available up to 85% LTV and brokers can choose between a standard LIBOR linked rate of 5.80%, or a discount rate of 4.55%.

– With the discount rate at just 4.55%, brokers can ensure that their clients maximise the value of the current low interest rate environment.

– Customers are permitted to have one ‘blip’ in their credit history and still qualify for both the standard and discount versions.

Brian Pitt, Director – Sales & Marketing says;
“The Self-Cert market is one of the fastest growing and most competitive sectors in our industry but we are going to make quite an impact with this new product. Future 85 LITE competes at the highest level and offers brokers’ clients exceptional value. We have ensured that the supporting criteria is sensible, whilst still prudent, and expect these mortgages to be a big hit with all introducers in the self-cert market.

“We are delighted to be bringing the expertise and reputation we have in the sub-prime market to a broader base of brokers and customers and we hope that this will be well received by the market. Future Mortgages will be targeting a number of intermediaries who have not previously done business with us and I hope that they look closely at what we can offer them.”

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