BoS Mortgages updates self-cert offering

All the Bank’s self-cert fixed rate products have now been extended to November 2009, offering a competitive deal to self-employed clients no matter how long they have been trading.

BoS Mortgages also offer a competitive tracker to those looking to self-certify their mortgage up to 90% LTV, alongside a selection of lower 2-year fixed rates.

The self-cert range is now as follows:

• 5.99% fixed to 31.10.2009 is available at an 85% maximum LTV with a £2,499 arrangement fee and 5 per cent early redemption charge to 30.11.09
• 5.94% per cent tracker rate to 30.11.09 at +0.19 per cent to the BoE base rate at a 90% LTV, 0.5% arrangement fee and 5 per cent early redemption charge to 30.11.09
• 6.29% fixed to 30.11.2009 at 90% LTV, £1,999 arrangement fee and 5 per cent early redemption charge to 30.11.09

BoS Mortgages’ head of distribution, Peter Curran said: “Our self-cert range offers real value and choice to both intermediaries and their clients irrespective of how long they have been trading. At a time when many lenders have been increasing their fixed rates, we are holding our own rates on our self-cert product range. Bank of Scotland was one of the first lenders to offer self-cert mortgages and has built up extensive knowledge and experience in this area.

“Our experience in this market is supported by a highly experienced team of business assessors in its Premier Unit, This team will manage all cases in excess of £500K from application through to completion.”