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Shout it from the Rooftops; mortgage specialist enters lending martet with niche and adverse mortgages.

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Today sees the entry of Rooftop Mortgages Ltd into the specialist lending market with a competitive range of niche and adverse products. With lending in the UK currently running at around £20 billion per month, it’s estimated that around 1 in 4 borrowers experience some difficulty in arranging a home loan or mortgage and may need to use a specialist lender.

Rooftop Mortgages will initially lend through the intermediary market using the newly created Mortgage Distributor Co-operative, chaired by The Mortgage Operation managing director, Mark Charlesworth. Commenting on the partnership, Mark said “We’re very pleased to welcome a brand new lender onto the Co-operative’s panel, which is in itself a new initiative.

Mortgage Distributors access £7 billion in mortgages

With access to the £7bn per annum distribution that the Mortgage Distributors Co-operative commands I am confident that Rooftop Mortgages will have a successful entry into the highly competitive UK niche mortgage market.”

Rooftop Mortgages has been created by the long-established servicer, Crown Mortgage Management, who will service the portfolio. Funding has been secured with a warehouse line from Bear Stearns, a leading international investment bank. Head of Rooftop Mortgages is Jonathan Naylor, based at Crown’s London office, who added; “We believe there is capacity in the market for this type of specialist lending and that our product offering and service will quickly establish us as a key player. “

For further information visit www.rooftopmortgages.com

Notes for homeowners
Crown Mortgage Management has been operating for over 30 years. Crown is a fully independent and rated third party servicer of residential and commercial property loans in UK and Europe. Funds under management for full and stand-by servicing are over £2 billion. www.cmm-group.com

For immediate release October 2003

SHOUT IT FROM THE ROOFTOPS!

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