Product cascading is the ultimate convenience for lenders, brokers and packagers, but the product must be the most suitable for that customer.

Sales Director, Jason Neale says: ”Product cascading is primarily the domain of specialist lenders with a large range of products, that suit different types of customers with different types of adverse credit.

“We’ve seen examples where a borrower applies for a mortgage from a credit score driven lender and the product appears to be the most suitable and cheapest on the market, but because the borrower then doesn’t qualify for that product by the time it has cascaded down the lender’s product range the borrower has actually ended up with the most expensive product on the market.

“We offer the same sort of product cascading, and we will always cascade up and down the product range. If we receive an application that qualifies for a better product we will automatically put the customer on that product.

“We resolve most issues at DIP stage because we manually underwrite, we don’t credit score. We will have a look at the case and can make a decision straight away, before the application even comes in, to know exactly what product it is going to land on. We have very few instances whereby we receive an application and it cascades down our product range.”

Speak to one of our friendly and knowledgeable team at the mortgage desk about any of our mortgage products and services on: 0207 197 9424.