Available from 5.59 per cent, the range includes an arrangement fee of 1.5 per cent and is available up to 90 per cent loan-to-value (LTV).
As part of enhancements, Mortgage Express has also launched a two-year self-cert mortgage at 5.44 per cent, with an LTV set at 85 per cent. An arrangement fee of 1.5 per cent also exists on this product.
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Andy Wiggans, director of mortgage products at Mortgage Express, said: “Our fixed rate products offer great value to borrowers looking to lock into a highly competitive rate at this time of rising interest rates. Whether the borrower is a first-time buyer looking to take out a high LTV mortgage, or a client whose working patterns could limit their mortgage options, we can help brokers offer their client the product that is right for them.”
Hugh Nichols, partner at Badbury Berkeley Financial Services, said: “The rate is competitive, but the arrangement fee could be hard to justify.”
Mortgage Express also confirmed it had made changes to its high LTV range, with the addition of a five-year fixed rate, available from 5.79 per cent between 95 to 100 per cent LTV. The product includes a free valuation and has an arrangement fee of £1,299.
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