Brightstar Financial’s first charge division is launching two mortgages for both purchase and remortgage.
The deals are designed for clients who don’t want to be tied in to long term arrangements. Brightstar believes they are particularly suited to the recently self employed.
The mortgages have two-year discounted rates, from 4.99% up to 75% LTV and 5.49% up to 80%, no early redemption penalties and only one year’s accounts plus a projection required.
“Brightstar has built a reputation for being fast out of the blocks to bring the best products to intermediaries and thanks to Kent Reliance these mortgages project great value, have the minimum of restrictions and will appeal to self employed clients of discerning brokers,” said Brian Leppard, head of specialist first charge at Brightstar.
John Eastgate, sales and marketing director at Kent Reliance, said: “Brightstar asked us to respond to the need for keenly priced mortgages to benefit both buyers and remortgagors, and particularly self employed clients.
“Entrepreneurs who are in the early stages of establishing their businesses are rarely at the forefront of lenders’ thinking. This product aims to provide mortgages for those aiming to be the wealth creators of the future.”