U.K. Lenders Offering ‘Complex Prime’ Loans

U.K. mortgage lenders have begun offering loans to borrowers with minor credit issues or financial problems.

  • 21 May 2010
U.K. mortgage lenders have begun offering loans to borrowers with minor credit issues or financial problems. Avoiding the term subprime, these new “complex prime” loans are aimed at potential borrowers that have relatively clear track records but with “minor credit blips,” according to Gerry Bell, marketing director for ...

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