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Southern Pacific to widen loan options

Non-status lender Southern Pacific Mortgages is revamping its mortgages in

a bid to attract a wider range of borrowers and intermediaries.

The new range features up to 80 per cent loan to valuation – an increase

from 75 per cent on previous loans. The mortgage is available for dual

self-certification for applicants wanting to self-certify income and proof

of payment history.

The new range offers self-certification for employed and self-employed

applicants and disregards county court judgments under £150 or those

satisfied over one year ago.

The acceptable total value of an applicant&#39s CCJs has been raised on a

number of schemes to between £3,000 and £5,000, depending on the

product, from £2,000.

SPM is also increasing the acceptable number of missed mortgage or rental

payments on a number of schemes as well as offering decisions on

applications within 24 hours and five-day completion.

Sales and marketing director John Prust says: “To support our commitment

to mortgage intermediaries, we have taken the opportunity to enhance our

product range to allow even more brokers to place more business with us

more easily. The changes mean our products are some of the best in the

non-standard marketplace and we fully expect brokers to take advantage of

these improvements.”

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In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.

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