Mplc issues packager endorsement

Mortgages plc has underlined its support of the packaging sector with the launch of a range of exclusive products.

The range includes products with initial rates from 5.75 per cent. Self certification products are available up to 80 per cent loan-to-value (LTV), with no references, and there are no verification checks up to 75 per cent LTV for the self employed on this basis. Self-certification loans are available up to £650,000.

Peter Beaumont, sales and marketing director of Mortgages plc, said: “It is important to us that we continue to illustrate to our packagers how vital they are to our continuing success. As well as providing them with marketing and service support we are also able to offer them an element of exclusivity through this new range. In an increasingly competitive market it is important that packagers can differentiate themselves by the diversity of mortgage products they are able to offer.

“The new products also illustrate Mortgages plc’s commitment to the non conforming market as a whole. We want to demonstrate that sub prime, non-standard, whatever you wish to call it, doesn’t mean a restricted choice for brokers or borrowers. By continually offering high levels of service and competitive products we want to make Mortgages plc the number one choice for packagers and brokers in this sector of the market.”