Heritable Bank, the specialist mortgage lender, is launching a limited tranche of three-year fixed rate funding for self-certification and buy-to-let mortgages.
Rates of 5.99% fixed until March 1 2007 are now available for LTVs of up to 75%. A rate of 6.24% is available for LTVs up to 85%. In addition to these, Heritable Bank has slashed early repayment charges on its range of LIBOR-linked rates for buy-to-let investors.
Mark Sismey-Durrant, chief executive at Heritable, says: “These enhancements to our product range show our commitment to meeting the needs of the mortgage introducer market. We are confident that with increasing numbers of borrowers seeking a longer term fixed rate to protect themselves from future rate rises, the three-year funding will prove very popular.”