The range, which is exclusive to Trustguard and is being launched in partnership with Kensington, is timed to coincide with recent Bank Base Rate (BBR) rises.
The two- and three-year fixed rate mortgages offer no Early Repayment Charges overhang, up to 90% loan-to-value (LTV), and allow for adverse history.
The three-year fix has a rate of 5.55% up to 65% LTV and 6.10% up to 90% LTV. The two-year deal is fixed at 5.89% up to 65% LTV and 6.25% up to 90% LTV. The range is available as self-certification, right-to-buy, or buy-to-let (with loadings).
The range allows for up to £1,000 of satisfied or unsatisfied CCJs, rent or loan arrears of up to 1 month in the last 12, and defaults are ignored.
There is a £1,995 completion fee that can be added to the loan above the maximum LTV.
Sian Brown, Trustguard's national sales manager, said: “Successive rises in the BBR have meant that there is an ever increasing number of borrowers looking to either lock into a competitive rate or switch from a tracker to a low fixed-rate mortgage. This product has been purposely designed with them in mind and we are expecting a lot of interest from intermediaries.”
