The demand for mortgages for house purchases has slowed down so the lenders are dropping their prices. Five year fixed rate deals can be had at less than 2.0%! This is jolly exciting if you are aproblem -free applicant buying a new home or if you are on a lender's standard variable rate and want to remortgage. But what about everyone else?
That is an independent, not-for-profit business that exists to bring together public and private funding to provide affordable loans to reduce social and financial exclusion. Derby City Council playeda major role in the set up of derbyloans and continues to be supportive. Our other partners include Rolls-Royce, the Derbyshire, NatWest, Home Housing Association and Derwent Housing Association. The list is growing all the time.
As the first Community Development Finance Institution (CDFI) to be established in the East Midlands, MCF Loans was set up to make loans to financially excluded individuals and businesses that couldnot access affordable credit from mainstream banks and building societies. A key aim was to reduce the burden of debt and high interest charges faced by low income households and provide an alternative source of credit to the cheque cashers, high cost door-step providers and illegal money lenders.
Here at Commercial Finance Arena we understand the existing tough climate and we will look to find a deal that suits you. We can look to help in all cases, whether a business or person has adversecredit, limited accounts or just complicated circumstances. Mortgage Arena Ltd is an Appointed Representative of Life and Easy Ltd T/A FYB which is authorised and regulated by the Financial Conduct Authority under number 462298 in respect of mortgage and insurance mediation activities only.
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