Future Mortgages new range

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Monday, 10 March 2008 12:00

Citi UK's Future Mortgages brand is bringing in a new secured loan product rage.

The changes come with the introduction of revisions to the Consumer Credit Act (CCA) that see an end to the £25,000 regulated loan amount threshold.

The new range feature rates from 8.99 per cent to 13.24 per cent on loans up to £150,000.

A new 80 per cent loan-to-value product band has also been introduced, along with self-certification options.

Ian Warrilow, head of secured lending at Future Mortgages, said: "Our new product range has been launched to coincide with the planned changes in the CCA which came in to force on April 6, 2008.

"We want to inform all our business partners of our new offers at the earliest opportunity in order to ensure that all secured loan applications are submitted correctly and we look forward to continuing to work successfully with our partners in the secured loan market."

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