MBS Lending is a subsidiary of The Melton Building Society and specialises in helping clients that have suffered with impaired credit and we can consider a wide range of client profiles, so if your client has had difficulty in securing mortgage finance due to adverse credit history, MBS Lending may be able to help.
MBS Lending can consider:
MBS Lending can consider:
- Missed Mortgage Payments – max 3 in last 12 months
- IVA or DMP – Settled or Active • Defaults – none in the last 3 months
- CCJs – up to max £6,000 in the last 2 years & must be satisfied • Bankruptcy – Day 1 discharged
- Repossession – Minimum 2 years ago
Proc Fees
Product | Gross | Net | Gross Min | Gross Max |
---|---|---|---|---|
Near Prime Enhance, Near Prime | 0.50% | 0.45% | £150 | N/A |
Credit Assist, Credit Recovery | 0.55% | 0.50% | £150 | N/A |
Retention Products | 0.26% | 0.25% | £150 | N/A |
- 01664 414144
- Visit Website
How to Register
Registering for the first time:
Please click here to register.Add Paradigm as payment route:
MBS Lending is a paper-based application, you can put Paradigm as your mortgage club on your next application.