Funded by SPML, the deal, fixed until 2010 and rates headlining at 5.59 per cent, clients after three years can choose to either:
- Remain on fixed rate
- Switch free of charge to LIBOR + margin
- Redeem without incurring an early repayment charge
Sarah Jones – Product Manager at Advantage said:
“We are excited by the new features of this Near Prime product. The S500 range as a whole offers many competitive niches including 90% self-certified employed and self-employed, no bank statements required at 95% LTV, Buy-to-Let up to 85% LTV and Right-to-Buy up to 90% LTV.”
Advantage also offer a £99 valuation on selected S500 deals, which is refunded to the client on completion.
