The range of discounted Prime products offers between 1.35% and 1.50% discount for full status borrowers and between 0.25% and 0.50% for self cert options depending on LTV and loan size. Discounts apply to a Standard Variable Rate of LIBOR (currently 4.65%) plus 1.75%. A range of fixed rate options is also available from 5.50% to 1 December 2005
SPML’s sales and marketing director, John Prust, said “In a steadily rising interest rate environment mortgage brokers are looking for keenly priced deals for clients, combined with high service standards. We are delighted to extend the existing discounts for a further six months on SPML’s prime range - which has already proved to be one of our fastest selling products since its launch just over 12 months ago”.
