Blemain Finance make changes to lending criteria
Norton Finance is pleased to announce that its unique lender, Blemain Finance, has made several criteria changes.
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- 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.”
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