White Label "New Agencies"
Monday, 26 November 2007
White Label - the secured loans brand of West Bromwich Building Society - has awarded its third agency NPL Online can exclusively reveal.
Bromley-based master broker Berkeley Credit was today gifted access to the lender´s range of products which includes up to 90% LTV for mid adverse clients, or 95% for light adverse clients.
Berkeley Credit now joins Independent Specialist Finance and Beech Introducers as the first master brokers to pilot the range.
Rick Hayler, director of Berkeley Credit, said he was thrilled to have landed the agency and acknowledged that the range is becoming increasingly sought after.
He explained: "We will be on board with them by the end of the month. We would be classed as a fairly small brokerage but they want to do it softly-softly at first. They don´t want to be inundated."
"I have been in the industry for a long time and many of the staff here worked with the staff there before. They want to be the best for service and they don´t want to lose that. We just do secured loans so the deals are going to be packaged as they want them."
Watford-based master broker Independent Specialist Finance became the first to complete a deal with the lender at the end of the last month. The case was for £60,000 and was a self-cert light adverse case at 90% LTV.
The latest product grid has four product brackets offering between 75% and 100% LTV dependent on the size of the loan and the credit profile.
Products are available of up to two mortgage arrears in the last six months and IVAs and bankruptcies satisfied for one year or more. The maximum CCJ value is £8,000.
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