These include:
Two-year discounted LIBOR-linked products, with initial interest rates starting at 5.00 per cent (APR 6.1 per cent). The discounted LIBOR range is available for status, self-certification, buy-to-let and semi-commercial mortgage borrowers.
A reduction to 5.50 per cent in the interest rate used for calculation of rental income for applications using the lender’s discounted LIBOR-linked buy-to -let range.
Extension of end dates on all fixed rate mortgage products to 1 September 2008.
Mark Sismey-Durrant, chief executive of Heritable Bank, said: “While the markets have been factoring in upward pressure on interest rates, there are still opportunities to be found by looking further a field, and we’re committed to passing these on to our adviser and direct clients. The LIBOR-linked rates should be particularly attractive to buy-to-let and semi-commercial borrowers, who may already have other LIBOR-linked commitments.”
