Property portal website Homes-On-Line has linked with one of
the UK's leading providers of non-conforming mortgages to enable
the self-employed and those with a poor credit history to obtain
the necessary finances to purchase their next home.
Bournemouth-based Jim White's Mortgage Solutions, which last
month was nominated 'Best Mortgage Broker (Non-Conforming) in
the Mortgage Strategy Awards 2002, specialises in sourcing mortgages
for the self-employed and the estimated 10 per cent of homebuyers
who have been turned down for home finance by traditional High
Street lenders.
Homes-On-Line Managing Director Guy Baker said: "By linking
with Jim White we will be able to offer estate agents and members
of the public a respected and recognised mortgage finding service
which specialises in obtaining finances for difficult cases
- particularly for those clients with County Court Judgements
against them or people who have been declared bankrupt.
"This
will give estate agents' own in-house mortgage advisers another
string to their bow when selling homes to the self-employed
or those who may be having difficulty finding a mortgage and
will offer home buyers who visit our website and are interested
in a property for sale a possible source of financing for their
purchase."
Stressing that specialist mortgages don't have to be expensive,
Jim White said: "Now that mortgage rates have come down there
has been very much a narrowing of the gap between what large
High Street mortgage lenders charge for their products and that
which our mortgage lenders charge. Indeed, we can offer rates
from as low as 4.6 per cent for a discounted variable rate mortgage."
Through
the new link, the Homes-On-Line website at www.homes-on-line.com
will also offer homebuyers advice on a wide range of mortgage
issues including how to avoid getting a bad credit rating, how
to avoid difficulties with lenders, what to do if financial
problems arise and issues such as how to deal with potential
repossession, divorce or facing the bailiffs.
Guy Baker said: "Whilst the whole area of dealing with financial
and mortgage problems is something most people do not like to
talk about, Jim White's Mortgage Solutions is recognised as
being an ethical, friendly, professional and reassuring company
which is amongst the best at providing mortgages for people
who do not fit in to the market traditionally served by High
Street lenders. We hope this new link will enable people who
may otherwise be refused financing the possibility of owning
their own home."
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