Help to BuyJun 27 2018

3mc launches Help to Buy range

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3mc launches Help to Buy range

3mc has launched a range of exclusive Help to Buy (HTB) products in partnership with Precise Mortgages. 

The products are up to 0.20 per cent cheaper than the lender’s core HTB range and available up to 75 per cent LTV, with 2-year fixed rates from 3.99 per cent  and 5-year fixed rates from 4.14 per cent.

Precise can consider customers with a less than perfect credit record as part of the range and the products feature refunded valuation fees and fixed fees to help customers with their up-front costs.

Doug Hall, director of 3mc, said: “When it comes to new build, clients are often competing against other potential buyers and so time is of the essence. We launched our New Build Priority Processing Team to ensure that borrowers with specialist circumstances don’t have to miss out on the speed of service they need to secure the home they want. 

“With the launch of these Help to Buy exclusives from Precise Mortgages, we are making buying a new build home even more accessible to borrowers with less than perfect credit history and we are in discussions with other lenders to identify more products we can launch to benefit new build clients.”

The new range features an enhanced service through the distributor’s New Build Priority Processing Team.

Alan Cleary, managing director at Precise Mortgages, said: “3mc has recognised the importance of service in the new build market and we have worked closely with Doug and his team to ensure that Precise is able to deliver specialist Help to Buy case assessments within 48 hours and offers within 21 days.” 

Daniel Bailey, principal at Derbyshire-based Middleton Finance, said it is good news for borrowers with a less than perfect credit score and provides them with a potential route to home ownership.

"Some borrowers may have had a small blip on their credit file and this can affect them for years.”