MCI adds Newbury to lending panel | Mortgage Strategy

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MCI Mortgage Club has added Newbury Building Society to its lending panel.

Products available to club members include standard residential, self-build, semi-commercial, holiday lets and unusual properties as well as retirement interest-only and joint borrower sole proprietor mortgages.

Newbury will also lend to ex-pats, being able to take mortgage payments in ten different currencies.

For BTL clients, Newbury will lend to limited companies, trading companies and special purpose vehicles.

MCI Mortgage Club head Melanie Spencer says: “Newbury Building Society is a very versatile lender and really gets to understand the borrower’s needs with its manual underwriting approach.

“Our members will be able to benefit from Newbury’s wide range of mortgage products and we look forward to working with the team.”

And Newbury sales manager Karen Smith comments: “We have a dedicated intermediary helpdesk and are always happy to discuss cases as we have a flexible approach to lending and take a common-sense view on underwriting.”


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