3mc Blog

Deal of the Week – 95% LTV purchase with adverse

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 Derby. The applicant was a first time buyer looking to borrow 95% Loan to Value and had a £221 communications default registered in October 2019.

Following extensive research including using the compare criteria from the 3mc website the deal was placed with Kensington Mortgages on the 95% LTV specialist distributor exclusive product range. The product was a 2 year fixed product with a pay rate of 5.19%. The product had no lender completion fee and a free standard valuation.