The Discounted Rate of 1.75% on all schemes (Standard, Large Loans, Right to Buy and Let) has been extended from 1 December 2004 to 1 June 2005.
Fixed Rates, starting at 5.99%, for Standard, Large Loans, Right to Buy and Let schemes have been extended from 1 Sept 2004 to 1 March 2005.
John Prust, sales and marketing director of SPML, said “These fixed and discounted rates were first introduced in September last year and they offer excellent value for borrowers in the non conforming sector. They are already “best sellers” so we are delighted we have been able to extend the terms for a further six months. Combined with stable, low LIBOR rates, and SPML’s guaranteed high quality service delivery, these products represent outstanding value for mortgage intermediaries to offer to their clients.
