Product highlights include:
• Two-year fixed rates: The fixed rates start at 6.05 per cent with an early repayment charge (ERC) of 6 per cent in the fixed rate period.
• Three-year fixed rates: The fixed rates start at 5.95 per cent with an ERC of 6 per cent, 6 per cent, 4 per cent in the first three years respectively.
• Two-year tracker rates: All tracker rates will be linked to three month LIBOR and rates will start from 5.75 per cent on the tracker products with an ERC of 6 per cent in the initial rate period.
Another addition is the removal of any loading below 75 per cent loan-to-value on residential for self-certification compared to full status rates.
Mark Bergin, director of sales and marketing at db mortgages, said: “The launch of these new products begins the next strategic stage for us and will allow us to consolidate our position further in the packager market, having already placed twenty-five regional underwriters in specific packagers offices over the last few months.
“The value of experienced people throughout the operation, along with a new delivery of technology will bring greater value to the intermediary market. Following a recent securitisation for Deutsche Bank we have plans for further securitisations later this year and we will be entering the next stage of our distribution strategy over the coming weeks.”
