Solent launches Bank of China tracker products
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Hampshire-based Solent Mortgage Services has unveiled a range of lifetime tracker products from Bank of China (UK).
Residential tracker rates are offered at 2.3% above the Bank of England base rate making them 2.8%, with a maximum LTV of 75%.
For buy-to-let and commercial mortgages the lender is offering a deal at 3.5% above base rate, making it 4% currently.
This product features lower arrangement and reduced valuation fees, and is available up to a maximum of 65% LTV.
Ian Balfour, chief executive off-icer at Solent, says: “This is great news for intermediaries to start the year. Bank of China (UK) is to be heartily congratulated for releasing positive products such as these, designed exclusively for the broker market.”
Bank of China (UK) launched into the broker sector in 2009.
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