The new fixed rates have been launched following the recent decrease in the price of fixed rate funds and are designed to maintain Platforms highly competitive position within these markets. Two changes have also been made to the Non-Conforming range with the Light Adverse Self-Certification 2 Year Fixed Rate reduced to 6.85% and Minor Adverse made available on a Self-Certification basis up to 75% Loan to Value.
Key features:
Self certification 2 Year Fixed Rates
- 2 year fixed rate at 5.45% or 5.69% with a£500 cashback
- Loan to value of up to 85%
- Fixed until 1st July 2007
- No early repayment charge overhang
Self certification 5 year Fixed Rates
- 5 year fixed rate at 5.45% or 5.59% with a £500 cashback
- Loan to value of up to 85%
- Fixed until 1st July 2010
- No early repayment charge overhang
Buy to let 2 year Fixed Rates
- 2 year fixed rate at 5.45% or 5.79% with a £500 cashback
- Loan to value of up to 85%
- Fixed until 1st July 2007
- No early repayment charge overhang
Buy to let 5 year Fixed Rates
- 5 year fixed rate at 5.45% or 5.65% with a £500 cashback
- Loan to value of up to 85%
- Fixed until 1st July 2010
- No early repayment charge overhang
Light Adverse 2 Year Fixed Rate
- 2 year fixed rate at 6.85%
- Self-Certification only
- Loan to value of up to 85%
- Fixed until 1st July 2007
- No early repayment charge overhang
Guy Batchelor, Sales & Marketing Director comments: “We have been closely monitoring the money markets over the past few weeks and have decided to reflect the 30 bps decrease experienced in the markets on this new range of fixed rates. With the launch of our Online Decision in Principle service in the summer, we aim to maintain our competitive pricing along with improved online facilities to strengthen our position as one of the leading specialist mortgage lenders in the UK intermediary market.”
