Central Lending introduce streamline packaging process
Norton Brokers Services are pleased to announce one of its prime secured lenders, Central Lending, have introduced a new streamline packaging process, making it even easier to comp
Changes to the criteria as follows:
- Will accept customers in an IVA as long as settled through the proceeds of the loan
- Employment Support Allowance is now acceptable benefit type at 100% usage, if in place for more than 13 weeks
- Flats in a block of up to 6 stories now acceptable. Irrelevant of the floor the flat is on or if ex-local authority or not.
Scott Thorpe of Norton Broker Services, commented:
“This is great news since the start of the year a lot of our secured lenders have improved their criteria which can only be a good thing for the market place. Central’s new changes mean they are once again leading they way with their innovative and flexible approach to lending.”
- Will accept customers in an IVA as long as settled through the proceeds of the loan
- Employment Support Allowance is now acceptable benefit type at 100% usage, if in place for more than 13 weeks
- Flats in a block of up to 6 stories now acceptable. Irrelevant of the floor the flat is on or if ex-local authority or not.
Scott Thorpe of Norton Broker Services, commented:
“This is great news since the start of the year a lot of our secured lenders have improved their criteria which can only be a good thing for the market place. Central’s new changes mean they are once again leading they way with their innovative and flexible approach to lending.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds sets aside extra £4bn for high-LTI mortgage lending
Santander
Santander to acquire TSB in £2.65bn deal
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Government
Government confirms launch of permanent Freedom to Buy mortgage scheme
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
FCA
FCA fines Barclays £42m over financial crime risks
