1st Stop enhances criteria on loan range

After listening once more to the feedback from their brokers regarding commission and criteria, 1st Stop have some further positive enhancements to the 1st Stop Homeloans product suite.

-  Self employed customers can now qualify for our full range of Homeloans products.

- Following the success of their £12,500 loan product, they have increased the maximum loan to £15,000

- They can now lend on a 1st, 2nd or 3rd charge basis up to £10,000

- They will lend  up to £5,000 on any shared ownership property

- They can accept up to 6 months worth of historic mortgage arrears on Standard products (up to a £7,500 loan)

All existing brokers of 1st Stop can take advantage of the enhancements as well as new brokers.

Director of 1st Stop Options, Simon Hayton, comments:

“At 1st Stop we don’t stand still. We innovate and adapt. We’ve been lending in the sub-prime secured loan market since 2007 on an unlimited LTV basis and we pride ourselves on our service to both customers and brokers. The enhancements to the offering represent another positive step taken by 1st Stop to support the growth of the secured loan industry.”