3mc Blog

Deal of the Week – £8500 default in the last 2 years

Challenge 3mc – Your specialist intermediary mortgage desk

Each week we will provide a worked example for a case from the previous week detailing the information provided by the intermediary for a specialist deal along with the end result.

In this example the 3mc mortgage desk took an enquiry from an intermediary based in Essex. The client was looking to remortgage their residential property and raise funds for home improvements to 70% Loan to Value. The client had a £8,500 default registered 20 months ago.

Following extensive research including using the compare criteria from the 3mc website the deal was placed with Pepper Homeloans The product was a 3.93% 30 month fixed rate. The product had a £995 lender completion fee.