Freedom Lending, the prime niche lending subsidiary of Merrill Lynch, has added a range of three-year fixed rates to its product portfolio.
All of the products are priced at the same level as its current two-year fixes, and start from 5.43% depending on the product and LTV.
Highlights include self-cert to 90% LTV at 5.88% and buy to let to 85% LTV which uses both rental and earned income, also priced at 5.88%.
Borrowers have a choice of either paying a completion fee of 1.25% for prime, very near prime and near prime products or 1.50% for buy-to-let products, or alternatively paying a fixed completion fee of 595 across all products.
Mel Dring, marketing director, Freedom Lending, says: Our two-year fixed rate options have proven to be extremely popular and we are now able to offer three-year fixed deals at exactly the same rates.
“This gives borrowers real choice and the ability to lock-in to the certainty which slightly longer term fixed rates bring. This enhancement has been made possible as a result of our acquisition by Merrill Lynch.