The rates, believed to be the first generally available for some time from a specialist lender are available on Rooftop light, medium, and heavy schemes, including right to buy and buy to let. Rates start from just 6.36%.
Announcing the launch Alison Beech, sales & marketing director for Rooftop said: "With interest rates widely predicted to drop further, a capped rate offers a very attractive alternative to the many fixed rates available in the market at the moment."
John Rice of RAMP added: “Capped rates on non-standard mortgages are a welcome addition to our range of products. I think they are likely to appeal to the more discerning borrower and will sell well.”
Alison went on to say: “We expect this issue to sell out very quickly indeed, and only applications registered on our system will qualify for these rates.”
