National mortgage distributor and packager 3mc has welcomed the addition of a new first time buyer (ftb) range from igroup.
Announcing the launch, Doug Hall, deputy managing director at 3mc, commented: “igroup has introduced a number of positive criteria and rate changes including the addition of a new first-time buyer range for specialist prime customers.”
Mark Snape, secured sales director at GEMHL, said: “We are delighted 3mc has enthusiastically welcomed the changes to our product range. As the mortgage market shows gradual signs of recovery we thought it the right time for some targeted changes, including an expanded product range, increased LTVs and further reductions in reversionary rates.
“We recognise that despite growing evidence of an upturn in the housing market it remains difficult for borrowers who do not fit the ‘high street’ norm to successfully apply for mortgages. Our new range being offered by 3mc will provide a potential route to competitive rates for those borrowers with limited options.”