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New adverse credit range rates start at 5%

  • 24/02/2003
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Branded lender, Abacus Permanent, has launched an adverse credit range. Rates on the new range begin...

Branded lender, Abacus Permanent, has launched an adverse credit range. Rates on the new range begin at 5% and offer LTV to 90% for light and medium levels of adverse and to 85% for unlimited adverse.

Marc Turner, head of sales at Abacus Permanent, said: ‘When designing these products we focused on the lending criteria and how they could be adapted to create more competitive products. We will also offer mortgages to newly-discharged bankrupts, whereas most lenders require them to be discharged for up to a year.


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