Last month we shared with you some useful case studies to demonstrate the flexibility offered by Shawbrook.
This month it’s Nemo’s turn particularly as Nemo is now offering greater flexibility than we have seen for many years.
There is a real appetite to look at cases outside criteria and to make exceptions on merit.
Below are a few recent examples:
- Accepting a mixture of 4 jobs (self employed and employed) on an employed plan
- Agreeing a large loan without a formal valuation (outside policy)
- Accepting an application where client was between jobs – starting in 4 weeks
- £60K loan totally to pay tax bill at 84% LTV
With no lender fees, really low rates and low ERC’s, Nemo is a great choice for your clients who want a large low cost loan over a long term but might wish to settle it early – so much cheaper than a bridging loan.
Nemo loves consolidation loans and offers some of the lowest rates available. Other key features include:
- No Lender fees
- Rates from 5.1%
- Maximum loan to income ratio = 6 X
- Loans up to 85% LTV up to £200K
- Loans up to 90% LTV up to £100K
- Max loan £500K
- Predominantly commission based applicants treated as employed
- Company owners with less than 35% share holding classed as employed
- Professional self employed classed as employed – accountants, dentists, pharmacists etc.
- Some arrears or CCJ’s considered subject to score
- Desktop valuations considered up to 75% LTV
Talk to us about your cases which may not fit criteria but where you think it makes sense to lend.
We are always happy to refer common sense applications even if they don’t fit criteria or another lender might help.
Call your personal underwriter on 01902 267443 or get an online quote here.
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