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Mayfair Bridging launch new product

12 July 2010

Mayfair Bridging have launched new product called 'Unlimited Adverse' aimed for clients with a poor credit history. The product enables borrowers to purchase property or refinance an existing asset for credit repair purposes.

Director Yasin Patel has said:

"Unlimited adverse product allows clients a lifeline to enable them to repair their credit, stop repossession and save their investments. Not many lenders are lending to sub-prime clients but at Mayfair we are happy to help clients that are struggling."

The product is aimed for heavily adverse credit borrowers and Mayfair accept unlimited CCJ's, arrears and missed payments irrespective of when they occurred. The maximum loan to value is 50% based on the open market value of the property secured by way of a first charge on investment residential or commercial property.

Shoaib Bux said:

"There has been a huge demand in the market for a product of this type as many adverse credit borrowers are being penalised and being tarred with the same brush. At Mayfair we look at each individual deal on its merits."

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