The Mortgage Lender has launched its unsecured arrears residential product to the whole of the market following a successful pilot with key distributor partners.
The product adds a new tier of unsecured arrears (RLUA1) alongside its existing real life (RL0-7) tiers and provides more competitive pricing for applicants with limited unsecured arrears in the last 24 months.
Available for purchase and remortgage up to 85% loan to value (LTV) with a £995 completion fee. Rates start at 2.49 per cent for a two-year fix at 70% LTV and 3.23% for a five-year fix at 70% LTV.
The Mortgage Lender sales director Steve Griffiths said: “RLUA1 provides a different option to customers with unsecured arrears that might have been turned away from the high street or are thinking of restructuring their finances.
“This product reflects our commitment to real life lending by offering bespoke criteria and granular pricing based on individual circumstances, rather than categorising and pricing alongside applicants with more complex credit histories. It is also indicative of our desire to understand and launch products that will add value to the market and provide greater choice for mortgage brokers and their clients.”
Latest News
-
UK tax receipts rise £19.1bn
-
Three quarters underestimate pension investment growth
-
Almost half of Gen Z say AI has changed their mind about a decision
-
Younger homeowners opt for longer-term mortgages to combat higher rates
-
Two thirds of top easy access cash ISAs have ‘strings attached’
-
IHT receipts jump £100m year-on-year in July
Mortgage Advice Bureau and AI in the mortgage sector
Chief executive officer at Mortgage Advice Bureau, Peter Brodnicki, and founder and managing director at Heron Financial, Matt Coulson, joined content editor Dan McGrath to discuss how Mortgage Advice Bureau is using artificial intelligence to make advancements in the mortgage industry, the limitations of this technology and what 2026 will hold for the market
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories