Leading mortgage distributor 3mc has announced the launch of a 90% LTV residential mortgage with no packager fee.

The deal, which marks 3mc’s appointment to Kensington’s packager panel, is being offered with the choice of a 4.89% two-year fix or 5.19% three-year fix. The product is also being made available through 3mc’s network partners Home Loan Partnership, The Right Mortgage and Protection Network and Sesame.

Doug Hall, Director of 3mc, said: “It’s great to be able to offer our intermediaries a specialist mortgage up to 90% LTV and we are making this product even more accessible by waiving our packaging fee for a limited time only. There is also an option providing a free valuation, no completion fee and free legals on remortgages.

“This is the start on an exciting new partnership with Kensington and we are looking forward to working with such an innovative lender to deliver new solutions for brokers’ hard to place cases.”

Steve Griffiths, Head of Sales and Distribution at Kensington, said: “Placing a complex case doesn’t have to be difficult and packagers like 3mc are an important resource in helping brokers satisfy the needs of more of their clients.

“We are really looking forward to working with 3mc and developing new products to provide more options for their introducers in the future.”

Kensington specialises in lending to customers whose circumstances require special consideration including the self-employed and contractors as well as those whose credit situation or income requires individual assessment by an experienced underwriter.

Brokers can get further information about all the products and service available from 3mc by going to: www.3-mc.com or by phoning 0161 962 7800.