Mortgage News
3mc announces new lender link-up
Mortgage distributor 3mc has joined forces with Aldermore Commercial Mortgages to expand its range of investment property funding.
3mc said that the partnership would capitalise on the growing investment property market and will give access to products with rates from 4.8% over the 3-month Libor rate (currently 0.55%).
The lender will offer loans up to 75% LTV with a broker proc fee from Aldermore and 3mc of 0.75%.
3mc director Doug Hall said: “There is growing demand for investment property funding and we’re delighted to have negotiated this highly competitive deal with Aldermore. We anticipate strong demand for these funds.”
Rob Lankey, managing director of Aldermore Commercial Mortgages, said: “3mc has built a strong reputation as a leading specialist mortgage distributor and is ideally positioned to advise brokers about funding for residential investment property.
“We look forward to working with Doug and his team over the coming months.”
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