Our residential range has evolved
Isn’t it refreshing when things are just simple? No-one needs more complexity in their lives, right? This is exactly why we’ve taken the time to simplify our residential Lumi range in addition to our Core range. Lumi is accessible through Specialist Distribution (speak to your local BDM).
Our new 3 tier range means getting the best rate for your clients is easier than ever with rates from 4.25% up to 75% LTV. Take a look at what we’re doing to help you and your clients:
Our New Streamlined Residential Lumi Range:
- We’ve removed the cascade on unsecured arrears, meaning applicants unsecured credit will no longer be used in allocating their product tier.
- Recent payday loans considered
- Discharged bankruptcies and IVA with a minimum period of 12-23 months past accepted as long as clean credit history in last 12 months
- Up to 4 missed payments accepted in last 24 months as long as none missed in last 12 for secured arrears
- Up to 3 CCJs and 4 Defaults in last 36 months as long as none registered in the last 6