The new, lower rates on 2 and 5 year Fixed rates and Residential Flexx for Term options are available from today.
Residential cuts include:
- 2 Year Fixed rate 2.85% (reduced from 2.99%) Fixed Rate until 31.03.17, 85% LTV, no arrangement fee, Early Repayment Charges (ERCs) payable to 31.03.17.
- 5 Year Fixed rate 3.99% (reduced from 4.15%) Fixed Rate until 31.03.20, 90% LTV, £950 arrangement fee, ERCs payable to 31.03.20.
Other reductions include:
- Flexx For Term 2.35% (reduced from 2.59%), variable rate, 85% LTV, £800 arrangement fee and no ERCs.
- Buy To Let 5 Year Flexx Fixed 4.55% (reduced from 4.80%) Flexx Fixed Rate until 30.04.20, 75% LTV, £1999 arrangement fee and no ERCs.
Darin Landon, Distribution Director, said:
“Hot on the heels of December’s rate cuts on selected 2 and 5 year Fixed rates, we have more good news for brokers and their clients. We have cut rates even further with 2 year Fixed rate and Flexx for Term options at 85% LTV now starting from just 2.35%. And as booking fees are no longer payable on any of our products, we have fee free options with no arrangement fees payable either."
