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Advantage launch non-conforming S500 five-year fixed rate

Advantage Home Loans has launched a non-conforming five year fixed rate with a three year early repayment charge on its S500 range.

Fixed until 2010 and rates headlining at 5.59%, after three years clients can choose to either remain on fixed rate, switch free of charge to LIBOR + margin, or redeem without incurring on early repayment charge.

Sarah Jones, product manager at Advantage, says: “We are excited by the new features of this Near Prime product.

The S500 range as a whole offers many competitive niches including 90% self-certified employed and self-employed, no bank statements required at 95% LTV, buy-to-let up to 85% LTV and Right to Buy up to 90% LTV.”

Advantage also offer a 99 valuation on selected S500 deals, which is refunded to the client on completion.


Rooftop launches capped self-cert for heavy adverse borrowers

Non-conforming lender Rooftop Mortgages is launching a limited edition heavy adverse, self-cert mortgage up to 75% LTV.There has been a flurry of light adverse capped rate launches into the market recently and the Rooftop product is specifically tailored to meet the needs of the heavy adverse sector, including unlimited arrears and CCJs.The product is capped […]

Jerez Mortgage Summit was enjoyable and enlightening

From Andrew Montlake Thank you for an enlightening Mortgage Summit in Jerez earlier this month. Apart from being an enjoyable and well organised event, it provided me with some useful and important information on how the industry should move forward. You put on an event that provided the opportunity to discuss and shape the future […]

Sales of 1m homes drop

Halifax says million pound property sales in the first half of 2005 were 26% lower than in the first six months of 2004. This decline follows a 36% rise between 2003 and 2004. Some 1,508 million pound properties were sold in Britain during the first six months of this year compared with 2,033 in the […]

A&L range features an intermediary special

Alliance & Leicester is launching a range of mortgages including a two-year fixed remortgage deal designed solely for brokers. The intermediary special features a 4.38% fix until December 31 2007, then Bank of England base rate plus 0.75% for the life of the mortgage. Customers can also borrow up to 95% of the property value […]


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