Derbyshire Building Society is moving into self-cert and sub-prime mortgages with an arrangement with specialist lender Kensington Mortgages.
Derbyshire has a credit-repair mortgage but says this is the first time that it will be able to offer a full range of self-cert and sub-prime loans.
If a borrower is not suited to any of Derbyshire's mortgages, the society will refer them to Kensington. Derbyshire says this arrangement will suit the self-employed, contract workers and people with credit problems.
Corporate communications manager Jonathan Cross says: “This will be a new specialised service providing non-standard mortgages to people who are often unable to find the right mortgage with a typical highstreet lender. It makes good business sense.
“We are here to help our customers and there is no point in turning someone away when there is a way that we can help them.”