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First National offering loans to aid credit-impaired

First National Mortgage Company is setting up a range of sub-prime mortgage products aimed at the IFA market.

FNMC, the new trading name for HMC, says the Fresh Start range aims to provide a better deal for those with credit problems.

The range is aimed at homebuyers with an adverse credit history or who have had difficulty proving their creditworthiness.

FNMC has expanded the range to include four products offering the chance for borrowers to automatically move to a standard variable rate mortgage within three years.

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