The self-cert mortgages, which are both Bank of England Base Rate (BOEBR) trackers, include the following features:
- Two interest rate options:
- BOEBR + 0.55% for 2 years, then BOEBR + 1.75% for life. No extended tie-in (5% penalty if repaid in yr 1 & 4% if repaid in yr 2). Available up to a maximum LTV of 75%
- BOEBR + 0.95% for 2 years, then BOEBR + 1.75% for life. No redemption penalties & fully flexible features (overpayment, underpayment, payment holidays and drawdown). Available up to a maximum LTV of 85%.
(APR on both products 5.7% - capital & interest)
- Available for the employed and self-employed
- Purchase or remortgage
- Online application and AIP available
- 3.25 x single + 1 x secondary, or 2.75 x joint income
- Max loan: £1 million
- Proc fee of 0.5% payable for online submissions
Justine Tomlinson, Mortgage Next Marketing Director, said: “These products are amongst the most competitive self-cert mortgages currently on offer. BM Solutions has built a reputation for providing market leading mortgages supported by an easy to use application process and excellent service support. I am delighted that Mortgage Next has exclusive access to BM Solutions most competitive rates.”
Brokers requiring further information about the new self-cert products, or any other products and services available for Mortgage Next, can phone 01883 333100 or visit the company’s website at www.mortgagenext.co.uk
