The first is available up to 75 per cent loan-to-value (LTV) at 5.69 per cent and the other is up to 90 per cent LTV at 6.09 per cent.
These loans are available for both self-cert and status cases and have no extended overhang. Victoria does not charge self-cert or remortgage loading on any of its near-prime products and fees may be added. On Victoria’s near-prime range, customers may borrow up to £500k for LTV’s up to 85 per cent and £400k for 90 per cent LTV’s, which is amongst the highest in the market.
Kevin Hillgren, CEO at Victoria Mortgages, commented: “Our packagers told us that a near-prime fixed rate product without a step would be a useful addition to our range, so we’ve launched two. We believe they compete favourably with any in the market.”
