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ICMG offers capped sub prime mortgage

ICMG is offering a capped rate of 7.3 per cent for sub prime mortgages on loans up to 90 per cent loan to value.

The product is available for lenders with adverse credit from two months arrears and £2,500 worth of county court judgments to an unlimited amount.

ICMG chairman Ray Bohringer says: “This is an excellent rate on a very comprehensive sub prime product. I expect to sell a sizeable tranche on this.”

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