Future Mortgages has launched a new range of second mortgages today, with a variety of offerings for brokers and their clients as well as a new online instant decision system.
The range of second mortgages covers medium averse through to prime borrowers and Future can lend 100% of the value of a property up to £150,000. Rates start at 1.66% above LIBOR with an early redemption charge of 3% for the first three years and 0% thereafter. Future Mortgages has also become one of the first lenders to provide brokers with automated credit decisions for applications submitted online. The system uses an electronic score-based system that can provide instant decisions and give brokers feedback on their clients’ applications. The new system will be launched through a ser...
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