The product has no higher lending charge, is available up to 80% loan-to-value (LTV) and allows 10% capital repayments each year without penalty.
Karen Wint, head of marketing & PR, said: "The take up on our self-cert mortgages has been excellent and the products, combined with the service we offer, confirms that clients like what we are offering.
"We are firmly committed to this market and this three-year fixed rate allows customers the opportunity to lock in value. Many customers may have income derived from a variety of different sources or do not fit conventional mortgage underwriting criteria and this product allows them even greater choice and the ability to budget."
The key features of the products are detailed below:
- Three- year fixed rate self-cert
- 5.79% fixed rate up to and including 31 May 2010
- Available up to 80% LTV
- No Higher Lending Charge
- 10% Capital repayments are allowed each year without penalty
- £899 Completion fee
- Tapered Early Repayment Charges of 4 % of the amount redeemed in year one, 3% in year two and 2% in year three
- Maximum loan - £300,000
