Fixed rates now start at 5.39 per cent. The fixed rates (funded by SPML) have been reduced across all products including right-to-buy and buy-to-let and there is still no early repayment charge overhang on these schemes.
In addition to the rate cut, buy-to-let deals on their three-year fixed deal will now be exclusively calculated at 110 per cent of initial pay rate.
Sarah Jones, product manager at Advantage, said: “The reduction to our two and three-year fixed rates enhances what is already a strong product range. In addition to this we are continuing with our £99 valuation fee (refunded on completion) on selected S500 deals. The combination of lower rates and lower valuation fees can only push our S500 range from strength to strength.”
