MCI Mortgage Club adds Ipswich to lender panel

MCI Mortgage Club has announced the appointment of Ipswich Building Society to its lender panel.

Ipswich offers a range of products with no maximum age at entry or exit of the mortgage and it will lend for up to 40 years.

The society also accepts downsizing as a repayment vehicle with an LTV of 50% and a minimum £150,000 equity, and if borrowers have other repayment vehicles, the LTV is 70%.

As well as standard residential mortgages, Ipswich has products for later life, buy-to-let (BTL) and holiday lets, expats, self builders and first-time buyers. Another specialty is self build which includes renovations, conversions, knock down & rebuilds and projects already started.

Head of MCI Mortgage Club, Melanie Spencer, said that building societies are always welcome to its lender panel because they offer “niche products”.

“Ipswich has a great mortgage range and caters for all sorts of borrowers giving our members alternative options for their clients,” Spencer said. “Our members can easily apply for Ipswich’s products via our slick and efficient CRM system and digital mortgage platform.”

Ipswich head of mortgage sales, Charlotte Grimshaw, added: “We are excited to be launching with MCI Club, having worked closely over the last few months to develop our partnership.

“Through our range of lending solutions and by employing an expert manual underwriting system we are able to assist brokers with their slightly unusual or complex cases. We look forward to helping shape cases for MCI Club members going forward.”

    Share Story:

Recent Stories

Mortgage Insider Series 2 Episode 3 Mortgage Fraud & Scams
Our award-winning podcast for mortgage brokers is back! Mortgage Insider returns for a second series to help brokers make sense of these extraordinary times.

Join Claire MacPhail and Tony Rimmer, our Business Development Manager hosts, as they chat with Barclays experts and industry thought leaders on those topics most pressing for brokers - including the UK’s economic outlook, mortgage fraud, the pandemic’s impact on mental health and wellbeing, and diversity.


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.