Blemain Finance make changes to lending criteria

Norton Finance is pleased to announce the following changes with its unique lender Blemain Finance:

- Lending now up to £500,000

- LTV’s now to 77.50%

- Unlimited Adverse Plan now available

- No Minimum Property Valuation

- Now Lending to Ex-Bankrupt & IVA Clients

Scott Thorpe, Broker Liaison Officer from Norton Finance, said:

"We are delighted with these changes made by Blemain Finance. The huge increase in lending on Secured Loans from £100,000 to £500,000 is a major improvement along with a reduction in their nominal rate to 10.95%.

"This makes it a great alternative to a borrower who is either currently tied into a mortgage with a high Early Repayment Charge or who has a low Standard Variable Rate and doesn’t want to move away from this.

"This makes it a hat-rick of changes by three major lenders within the past week showing that the Secured Loan Market is on the up and the perfect alternative to a remortgage.”