Rate reductions and new product launch  - 24/11/2019 00:17

The Mortgage Lender has reduced rates on their RL1-4 products and launched a brand new RL0 product!

The Mortgage Lender believe that RL0 offers a different proposition to the norm, with most specialist lenders entry level starting higher up the risk curve. This new product will help to ensure that they do not penalise a non-adverse customer that needs help just because of complex incomes, self-employment or low credit scores.

  • RL0 comes with a lower rate and still allows for:
  • One Years Trading
  • Self Employed Income based on latest year’s profit before tax + Salary
  • They do not credit score for product purposes
  • Ignore Comms/Utility Defaults
  • 100% of Bonus/Overtime Contractors where income is calculated at 48 x weekly rate
  • Debt Consolidation up to 90%

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