3mc offers enhanced procuration fee on Aldermore BTL deals
06 May 2014
Leading mortgage distributor 3mc is offering brokers an enhanced procuration fee of 0.75% on all Aldermore buy-to-let deals up to £500,000, for applications received between 1st May and 31st July.
The enhanced proc fee offer includes the following buy-to-let exclusive, which is only available via 3mc:
Product type – buy-to-let, including houses in multiple occupation, multiple units on one title and applications from limited companies (both trading businesses and SPVs)
Rate – 4.8% above 3-month LIBOR (currently 0.55%)
Max LTV – 75%
3mc Director Doug Hall said: “We’re delighted to be offering brokers an enhanced procuration fee at a time when activity in the buy-to-let market is continuing to increase. Aldermore’s buy-to-let mortgages are not only competitively priced, but are also suitable for a wide-range of investment types including HMOs, multiple units and limited companies.
“The enhanced procuration fee will be a welcome feature for brokers, who can obtain further information either by phoning 3mc on 0161 962 7800 or by visiting www.3-mc.com where they can also access product information 24/7 via our Virtual Mortgage Desk”.
Rob Lankey, Managing Director of Commercial Mortgages at Aldermore, said: “3mc prides itself on giving brokers access to some of the most competitive products in the market, which have now been further enhanced by this proc fee offer. Brokers can also be assured they will also receive a fast a reliable service from Aldermore.”
**ends**
Journalists requiring further information can contact:
Doug Hall, Director, 3mc Office: 0161 962 7800
doughall@3-mc.com Mobile: 07971 453730
Josh Cooper, Cooper Consultants Ltd Office: 01654 767711
josh@cooper-consultants.co.uk Mobile: 07768 355265
NOTES TO EDITORS:
About 3mc
3mc is a leading mortgage distributor which has been operating in the intermediary mortgage market for over 17 years.
The company is one of just a few ‘hybrid’ distributors offering mortgage intermediaries access to specialist lenders either on a direct-to-lender or a packaged basis. Lender partners include Aldermore, BM Solutions, Buckinghamshire BS, Cambridge & Counties Bank, GE Money, InterBay Commercial, Kensington, Kent Reliance, Magellan Home loans, Precise Mortgages, Saffron for Intermediaries and Shawbrook Bank.
3mc prides itself on its true independent status, working both with directly authorised intermediaries and appointed representatives of partner networks.
The 3mc mortgage desk has a wealth of experience, helping mortgage intermediaries across the country place clients’ applications with the most suitable lender for their needs.
3mc is the first national mortgage distributor to provide brokers with access to a virtual mortgage desk and website which can be accessed using smart phones, giving brokers access to product information 24/7.
