Money Partners reduces rates
With immediate effect, all interest rate loadings for self-certifying customers have been removed across the specialist lender’s entire light adverse range.
The changes apply to Money Partners’ near prime and light mortgage products aimed at borrowers with a light or past adverse credit history. Rates on these deals start at 3.99 per cent and 4.35 per cent respectively for both employed and self-employed borrowers. Maximum LTVs extend to 90 per cent across both product types.
Adam Henry, Money Partners’ sales and marketing director, said: “Having listened to our brokers, we decided this was the right time to make these tactical changes. The market is extremely competitive right now, but our appetite to continue to deliver products that hit the mark is as sharp as ever. We can move quickly in this regard, and believe these latest changes make our proposition even more compelling.”