Increased LTVs, reduced rates and increased maximum loan sizes

New products for clients with recent adverse are now available.

Spring Finance – the second charge credit repair lender – has increased its maximum LTV to 75% and maximum loan size to £150,000.

Other features include:

  • Arrears on subsequent charges ignored
  • Up to six months’ current mortgage arrears accepted @ 70% LTV
  • Up to £150,000 (more on referral) at full LTV
  • Any amount of CCJs and defaults (past and present)
  • Annul bankruptcies
  • Payday loans accepted
  • Available on buy-to-let properties
  • 3 and 5 year fixed plans available
  • Clients currently in IVA/DMP accepted

Sonny Gosai, Head of Specialist Lending at Clever Lending, said: “We’re pleased to offer these enhanced products to brokers,

“We’re seeing an increased amount of customers applying for lending who, although have marks on their credit files, are able to repay their loans. Each person’s circumstances are different, and these new Spring Finance products offer new solutions for brokers and their clients.”

Head of Sales at Spring Finance, Graeme Wade, said: “These product enhancements are our way of giving something back to our valued introducers for their support over the last couple of years, and to give them access to market-leading rates for clients with recent credit issues at the same time.

“We have always tried to complement our introducer’s lender panels rather than replicate what they already have access to. In recent years there has been too much imitation and not enough innovation”.

Contact us now for more information about these new products or to submit a new case.