Schemes news: JLT gives leg up onto property ladder
Jardine Lloyd Thompson (JLT) has announced the launch of a "groundbreaking" new scheme designed to increase mortgage lending to first-time buyers of Bovis Homes properties.
Steve Rance, partner at JLT lending risk solutions, said that builders were suffering as mortgage lending had been significantly cut, meaning that people with small deposits were unable to get on the property ladder.
He said The Perfect 10 mortgage solution, which has been in production for more than a year, reduced lender risk at higher loan-to-value (LTV) ratios and allowed lenders to offer more competitive rates to homebuyers. The first scheme has been set up with Barclays, allowing it to
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