MCI expands lender panel with mutual appointment

Published on

MCI mortgage club has added the Buckinghamshire Building Society to its panel.

The club said the move was made following increased demand from its members.

The Buckinghamshire Building Society products include Joint Borrower Sole Proprietor with no maximum age, up to a 40-year term, and a reverse Joint Burrower Sole Proprietor product, which allows children to help out parents.

The Buckinghamshire is supporting the higher LTV market with its Family Assist product.  It also offers 90% LTV for local residents and society members along with NHS and Emergency Workers offerings.

Melanie Spencer (pictured), head of the MCI mortgage club, said: “At MCI Mortgage Club, we are continuously looking for lenders in the market that will offer our clients competitive products and alternatives that allow our clients to achieve their objectives. The addition of the Buckinghamshire to our panel gives our members access to some unique products that will enable our brokers to think outside the box.”

Timothy Vigeon, head of lending at the Buckinghamshire Building Society, said: “We are delighted to be joining MCI Mortgage Club and look forward to working with its members. We have been able to innovate our mortgage proposition, to include Family Assist products, and more recently, Reverse Joint Borrower Sole Proprietor (“Bank of Son and Daughter”), alongside our other areas of flexible lending, which we feel will provide extra support to the MCI members.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...