Brilliant Solutions has secured new high LTV products from Newcastle Building Society and Precise Mortgages.
The 85% LTV packager exclusives provided by Precise Mortgages are designed for clients who have a low credit score or may have current and past credit issues and now these are available for first time buyers.
These products include two-year tracker rates starting from 3.79% and two-year fixed rates from 3.89%.
The Newcastle Building Society is launching a further two new mortgage deals through Brilliant Solutions.
A new 95% LTV product fixed to 30/09/2016 is at 6.25% with £195 reservation fee and no completion fee. While this is geared towards first-time buyers it is also available for purchase and remortgages.
The product comes with the benefit of a free standard valuation (on properties up to £500,000) and free legal fees (for re-mortgages in England and Wales) or £300 cashback. The maximum loan is £350,000 on this product.
For those clients who prefer a two-year deal there is a new 90% LTV product fixed to 30/09/2015 which is at 4.35% with a £195 reservation fee and a £495 completion fee.
The product comes with the benefit of a free standard valuation (on properties up to £500,000) and free legal fees (for re-mortgages in England and Wales) or £300 cashback. The maximum loan is £500,000.
Matthew Arena, managing director of Brilliant Solutions, said: “These products show that there are solutions at the higher LTVs and in particular for first-time buyers.
“We are delighted that both these lenders see the value of dealing with Brilliant and in turn we can assist more and more of our brokers get their cases placed.”
