The rates range from 4.95 per cent on the residential prime products, up to 7.45 per cent on the buy-to-let income based product at 90 per cent loan to value. The early repayment charge is 6 per cent within the fixed rate period.
Mark Bergin, director of sales and marketing for db mortgages, said: ‘’The fixed rates launched today via our three pilot packagers are competitive and demonstrates our commitment to the pilot scheme, offering brokers a more diverse choice for their customers.”
The pilot scheme started on Thursday 20 April 2006, via Pinnacle Mortgage Funding, The Mortgage Service and The Select Partnership. Once this stage has been completed further details will be announced on the roll-out to the full packager market.
