Rates of 5.99% (APR 6.2%), fixed until 1st March 2007 are now available for LTVs of up to 75%. A rate of 6.24% (6.3%) is available for LTVs up to 85%.
In addition to these, Heritable Bank has cut early repayment charges on its range of LIBOR-linked rates for Buy-to-Let investors.
Mark Sismey-Durrant, Chief Executive, comments: ‘These enhancements to our product range show our commitment to meeting the needs of the mortgage introducer market. We are confident that with increasing numbers of borrowers seeking a longer-term fixed rate, to protect themselves from future rate rises, the three year funding will prove very popular.’
Heritable Bank offers mortgages to individuals and limited companies, both UK resident and offshore. Its product range includes fixed, discounted and standard variable rates and for Buy-to-Let mortgages, a selection of LIBOR-linked rates.
The LIBOR-linked rates start from 5.87% (APR 6.1%). Early repayment charges for these products have been dropped so that there are either no charges whatsoever or only for the first year of the mortgage’s existence.
Heritable Bank offers Buy-to-Let mortgage lending on an individual property or against a portfolio of properties.
