BM says this move reflects its continued commitment to the sector. The new range includes products specifically designed to appeal to remortgage customers, offering a free remortgage service and refunded valuation.
The Self-Cert market offers brokers an avenue to maintain business levels, as markets calm down, and with rates such as those launched today both the broker and consumer benefits. The products, edging closer to mainstream prices, are now easier than ever to source and sell and offer real choice and fair rates to a niche sector of consumers, who are in need of a mortgage just as much as a mainstream client.
New products include:
* 5.35% fixed rate until 1st September 2007 at 85% LTV
* 5.49% two year fixed at 85% LTV with refunded valuation and free remortgage service
As part of launching the new range BM has also extended the end dates on the 3.99% and 4.99% Self-Cert products.
Commenting on the new range, Colin Barrett, senior product manager, BM Solutions said "These rates really stick out in the market. They overshadow any other products available in the sector and bring an entirely new competitive level to any options currently available. As a lender it is really satisfying to offer products which give brokers real selling opportunities and which give consumers fair rates."
