The entire self-certification range has the unique feature of measuring a customers borrowing capability by what they can afford rather than what income multiples dictate. This results in a ‘borrower friendly’ loan size and treats each case on its own merits.
The rates, available for a limited period on the Sun Bank self-certification mortgage, are:
Richard Farr, Group Marketing Manager for Sun Bank comments: “Our relocation of the new business team has gone extremely well and we now feel it is time to put focus back on our product range. Everything that makes the Sun Bank self-certification mortgage unique in its field, such as the affordability measure, remains the same.
“However, with the new rates we are making it even more competitive. Borrowers are able to choose a fixed or discounted rate and we also continue to offer our tracker rate throughout the Sun Bank range.
“We continue to see demand for self cert products from both employed and self employed clients, with incomes being derived from more than one source becoming more prevalent. As a result, over simplification, by using multiples of primary income, to determine loan size is not helpful to many contemporary customers.”
