Important – Broker Venue, disc and plans updated

As of 3rd September Blemain Group has relaxed some criteria on our plans. Brokers must now use the new plans with immediate effect.

Broker Venue has been updated with the key criteria changes and brokers can now download the most up to date disc and print the latest plans from www.brokervenue.co.uk

Blemain Group has a strong appetite to continue lending responsibly. It is in an extremely strong position to help support brokers in their chosen market, and these new plans have been designed to show a long term commitment to all of our brokers.

As a consistent and reliable lender, our core products remain:

Residential and Commercial Loans, Mortgages and Bridging Finance.

• Unlimited adverse still considered
• Any property type (including both standard and non-standard construction)
• All income sources accepted – including self cert.
• Interest only for the full term including commercial mortgages and loans
• 2% discount rate for 1 year on all unregulated term loans and mortgages
• 3 month Early Payment Plan - customers can choose to pay 50% of their payment for an initial 3 months period and then revert to standard payments. This can be used in conjunction with discounted rates on certain plans. Most mortgages and unregulated loans and bridging finance qualify for this product.  

Plan update overview:

• New Rate for risk matrices
• New commission/remuneration structures
• New PPI premiums
• Updated fee structure
• Maximum LTVs 
• Blemain Finance – increased to 75%
• Lancashire Mortgage Corporation – 75%
• Cheshire Mortgage Corporation – 65%  
• Redemption Figure Bypass Schemes available
• Valuation Bypass Schemes available

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