The exclusive product has an initial pay rate of 4.59% fixed until 3 September 2006, and there is no extended tie-in period. This is the lowest three year fixed rate that Mortgage Express offers. It is available up to a maximum loan to value of 80% and the minimum loan amount is £50,000, with an arrangement fee of £325. Procuration fees are set at 0.50%.
Andrew Moss, Product Development Manager, Mortgage Express, commented: "Mortgage Express is establishing itself as a leading player in the self-cert market. Working flexibly with our business partners is key to our success and I am delighted that we are offering this product exclusively through Mortgage 2000. It is specifically designed to provide excellent value for self-cert customers with equity in their property."
