The new Standard Residential rates are:
- 4.99% fixed until 29/02/2008 up to 95% LTV – for loans up to £1million
- 5.49% fixed until 29/02/2008 up to 70% LTV – for loans over £1million
Additionally, BIM has reduced the rate on its 3 year Buy-to-Let EasySwitch remortgage:
- 5.99% fixed until 29/02/2008 up to 85% LTV – fees assisted**
Both the Standard rates benefit from BIM’s 10% overpay facility, which allows borrowers to pay off up to 10% of the outstanding balance each year with no penalty*. This facility is ideal for borrowers who receive annual bonuses or additional income such as dividends.
Kevin Purvey, BIM’s head of sales, said: “We regularly review our rates to ensure they remain competitive. Our new 3 year fixed rates are amongst the best available and are designed to offer good all-round value for clients.”
Brokers can obtain further information on the new rates and the full mortgage range on 0118 968 4333 or at www.bim-online.com
