Related topic: Adverse credit

The reductions broaden the options available to brokers supporting customers who may be able to afford a mortgage today, despite a recent credit issue.

90% of brokers believe lenders should prioritise products for a broader range of financial circumstances.

The acceleration in sales coincides with the FCA’s clarification on affordability assessments, highlighting existing flexibility for lenders.

Brokers can now place more complex adverse credit mortgage cases with Tipton & Coseley following the expansion of its Credit Plus range to include a second product tier.

The Society is encouraging brokers to consider three-year options when sourcing solutions for their clients.

More than a third of potential first-time buyers (37%) worry about being rejected for a mortgage.

Saffron argues that many cases are being discounted based on outdated assumptions rather than a borrower's overall financial position. 

The new specialist mortgage range broadens options for brokers supporting clients with complex credit histories.

The Society has expanded its Credit Plus offering and reduced residential, buy-to-let and later life rates.