Advantage offers exclusive mortgages to PMPA

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Advantage, the specialist lending arm of Morgan Stanley, has announced a second exclusive deal for members of packager association, PMPA.

PMPA members will benefit from access to four ADV non-conforming product categories at exclusive rates. The deal will allow PMPA members to access the ADV:100 and ADV:200 products at 10 bps less than the standard range, with additional procuration fees. As a result of Advantage’s new lending criteria, the products can lend a maximum of £500,000 on loans up to 75% LTV and £350,000 on loans up to 80% LTV. A choice of two and three-year fixed rates are available, starting from 7.19%. Commenting on the deal, Helen Hymos, lender relationship manager at PMPA, says: “PMPA is privileged to be a...

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