Money Partners Near Prime mortgages in new range

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Money Partners Near Prime mortgages in new range

A range of Money Partners Near Prime mortgages have been introduced today as the lender unveils a new selection of products.

The near prime range is designed for borrowers with almost optimum credit profiles. It offers one-year discounts starting at 3.99 per cent and its three-year fixed rates start at 5.24 per cent.

Customers with a light or past adverse credit history can take up a Money Partners Lite mortgage, with one-year discounts of 4.25 per cent and three-year fixed rates of 5.45 per cent.

Discounts of 4.69 per cent and three-year fixed rates of 5.74 per cent are available with the Flexi deal, for borrowers with a medium adverse credit history, according to product website Mortgage Introducer.

The final range, called Fresh Start, is available to heavy adverse right-to-buy and buy-to-let customers, with 6.59 per cent interest fixed for three years and discounts of 5.59 per cent. This product has a maximum loan to value (LTV) of 85 per cent.

The Money Partners Near Prime mortgages and other new offerings all have LTVs available up to 90 per cent.

A new Mini Mortgage option was also unveiled by the lender, for amounts between £10,000 and £25,000, with a three-year fixed-rate of 7.24 per cent.