Mortgages plc has announced the launch of its new Synergy product range, which will be available via its Elite distributors.
The Synergy range offers 46 product variations from very light, light, medium and heavy adverse credit mortgages. Rates start from 4.00 per cent and there are discounts of 1.75 per cent until 31 May 2005. The products are available at 60, 80 and 85 per cent loan to value.
Applicants for the products may have CCJs or arrears, but not both. Mortgages plc says research showed there was a substantial market for this type of product.