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Blemain Finance offers help to Future’s brokers

Blemain Finance is offering a helping hand to brokers who may not be able to get a decision in principle of complete their second charge cases within Future Mortgage’s normal pipeline rules.

This comes after Future announced yesterday it was closing its doors to new lending from tomorrow.

Blemain Finance director Gary Bailey says: “Having built a reputation for innovative products and unrestrictive criteria we are in an ideal position to assist brokers affected by Future’s withdrawal. We still have a strong appetite for new lending and accept clients with unlimited arrears and CCJs. We cater for all income sources including self-cert and DSS benefits, and any property type including non-standard construction and shared ownership is accepted.

“We can also offer non-status Buy to Let mortgages and bridging finance, and will be happy to assist any brokers who encounter difficulties sourcing appropriate 2nd charge and buy to let products as a result of Future’s decision.”


Adviser Fund Index – A return to market values

Following an AFI survey sent to panellists in March, not one of the 10 respondents expected value to outperform growth in the following 12 months. Now, however, some panellists are more optimistic about value.

Direct deal dilemmas

So the FSA moved last week to say that mortgage advisers can charge for advice when recommending that clients take out a mortgage direct from a lender.

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