This product is available across the entire SPML product range including buy-to-let (BTL) and right to buy (RTB). It is available up to 95 per cent LTV.
The combination of SPML’s rates and no extended tie-in make this product particularly appropriate for those individuals who wish to improve their credit profile within 12 months, subject to payments being maintained.
Lynsey Mitchell, head of sales and development at SPML, said: "We are very pleased to be able to offer this one-year fixed rate product which extends the choice to our intermediary partners. This product has been designed specifically for customers who would like to improve their credit profile within 12 months whilst benefiting from a fixed rate."
Product details:
- One-year fixed rates until 1 March 2008, with rates from 6.04 per cent
- Available across entire SPML product range, including BTL and RTB
- Available up to 95 per cent LTV
- Arrangement fee £995
- Early repayment charge – 6 per cent during the fixed period, one month’s notice thereafter
