Beacon Homeloans ("Beacon"), currently one of the top twenty lenders in the UK, is seeking additional finance to facilitate further strong lending in 2010.
The current mortgage asset purchase arrangements, which have enabled Beacon to lend circa £2billion since its inception in 2005, will come to a natural conclusion at the end of February 2010.
Between now and February 2010, in close liaison with the FSA, Beacon will be carefully managing the conclusion of its asset purchase arrangements, and to assist customers to whom mortgage offers have been made in completing their loans within the stated validity of their individual mortgage offer. To ensure that this is achieved and in line with regulatory requirements, all fully packaged applications on the current Beacon product range, ready for first time offer and within the packagers monthly quota, will need to be with Beacon by close of business on Friday 13th November 2009.
No new mortgage offers will be issued by Beacon after close of business on Friday 27th November 2009.
Please do not hesitate to contact the New Business Team on 0845 130 2223 if you have any further enquiries.