Fixed rate pricing on higher loan-to-value (LTV) two and three-year products has been reduced by up to 1.2 per cent for heavy adverse products, by up to 0.96 per cent for medium adverse and by up to 0.45 per cent for near prime.
Discount rates have been reduced by 0.1 per cent across all product plans and LTV bands and now start at 4.34 per cent for one-year products, 5.09 per cent for two-year and 5.34 per cent for three-year.
LTVs for right-to-buy purchases, remortgages and secured loans have been increased to a maximum of 90 per cent. As a result of broker feedback from its summer specials promotion, Money Partners has also announced that it is extending indefinitely the removal of its fixed rate funding fee, and will continue to charge a single fixed rate completion fee of £995 to include all legal costs.
Adam Henry, sales and marketing director at Money Partners, said: "There is no better source of market intelligence than our own brokers and packagers. They operate at the sharp end and know what sells and what doesn't. We've used their feedback to good effect in making these latest positive changes, and will continue to do so as the market offers up fresh opportunities."
