are beacon lending again?

smnb08

does anyone know if beacon are lending again?
they are on the alexander hall mortgages website but when you go on the beacon website there is no products there.

Conrad

Not as far as I know.

I only know of a handful of small private lenders for adverse credit now.

One of these has very decent rates - circa 5% for an 85% deal. Ask Alexander Hall about these - I'm not going to advertise the names here, but if they truly are competent and truly INDEPENDANT (ha), they will be able to assist you.

smnb08

im not interested in takeing out a mortgage through ah as the fees are stupid!
i was just asking because my current mortgage was arranged through beacon and im hopeing they will start lending again soon.
was just suprised to see the products available through beacon on there website.

smnb08

Conrad wrote: »

Not as far as I know.

I only know of a handful of small private lenders for adverse credit now.

One of these has very decent rates - circa 5% for an 85% deal. Ask Alexander Hall about these - I'm not going to advertise the names here, but if they truly are competent and truly INDEPENDANT (ha), they will be able to assist you.

is that a joke 5% for an 85% deal???

Wutang_2

smnb08 wrote: »

is that a joke 5% for an 85% deal???

Its not a joke!!!!!! Whats the prob???? 5%????? 85%???? Beacon????????

Conrad

smnb08 wrote: »

is that a joke 5% for an 85% deal???

Not a joke, it really is as cheap as that.

What rate would you charge someone with a higher risk of default, keeping in mind as an investor instead of lending to a riskier client, you could stick your money in an ISA and probably get about 5% return!!

I remember, a lenders retrun is less than that 5% return after all thier costs!

Bargain

smnb08

Wutang wrote: »

Its not a joke!!!!!! Whats the prob???? 5%????? 85%???? Beacon????????

i have no prob as you put it!
i have been looking around and didnt think there were any deals like that around.

smnb08

Conrad wrote: »

Not a joke, it really is as cheap as that.

What rate would you charge someone with a higher risk of default, keeping in mind as an investor instead of lending to a riskier client, you could stick your money in an ISA and probably get about 5% return!!

I remember, a lenders retrun is less than that 5% return after all thier costs!

Bargain

i find it hard to beleve there is a deal like that around for subprime.
i have been looking on here reading the different posts lately and all of the mortgage advisors seem to state you need a 25% deposit min and even with that the rates are high.