Following its relaunch at the start of the year, SPML has announced a number of enhancements across its product range, which will widen their eligibility.
The lender will now disregard any county court judgement (CCJ) of less than £150 or that has been satisfied for more than a year, and will accept CCJs to a higher value and a higher number of missed mortgage or rental payments on a number of its schemes.
It will also offer up to 80% LTV for ‘dual self-certification’, in other words, for those applicants who wish to self-certify both income and proof of payment history. Self-certification is available to employed and self-employed applicants.
The lender also aims to provide decisions in principle on applications within 24 hours of submission and mortgage offer completion within five days.