The changes reflect market conditions and Advantage’s long-term view of the market.
Rates start from 5.34 per cent on the ADV range, 6.34 per cent on the self-certification product range and 5.54 per cent on buy-to-let. Lending criteria across all three product ranges remains unchanged.
Keith Dearling, managing director at Advantage, said: “Advantage held off re-pricing whilst we assessed market conditions and is one of the last specialist lenders to announce new rates. Advantage remains committed to offering competitive products and lending criteria to brokers and packagers, enabling them to respond to borrower demand.”
The Advantage buy-to-let range provides standard rental calculation of 100 per cent as well as a £5million portfolio limit (maximum 10 properties) and loan of up to £500,000. The range offers up to 90 per cent loan-to-value (85 per cent for first-time buyers).
The ADV non-conforming product range covers most of the non-conforming sector. Product categories range from ADV:100 to ADV:700. Highlights include no higher lending charge, affordability based and acceptance of CCJs by number, not amount.
The Advantage self-certification range is designed for prime borrowers, offering unrivalled criteria for employed and self employed borrowers up to 95 per cent loan-to-value (90 per cent for first-time buyers) and no higher lending charge.
