The interest rate for its existing 1-year fixed rate mortgage has been reduced, and new 2 and 3-year options have been added, with rates fixed until the 31 of May 2006, 2007 and 2008 respectively.
Interest rates start from 5.25% for the 1-year, 5.75% for the 2-year and 6.00% for the 3-year fixed rate option. For employed and self-employed borrowers the maximum loan-to-value available is 90%.
Adam Henry, Money Partners’ sales director commented; “For many potential and existing homeowners, fixed rate mortgages provide a significant period of financial reassurance and enable them to escape the effects of shifting interest rates on their monthly outgoings. Right from the launch of Money Partners last year, we were keen to extend our fixed rate offer and provide our intermediaries with extremely competitive options that are attractive to borrowers.”
These product enhancements further strengthen Money Partners’ comprehensive range of specialist mortgages and secured loans, which includes discount, variable, self-employed and buy-to-let options.
