Optoma Broker Solutions has launched a self-cert fixed rate from Kensington Mortgages.
Priced at 5.92% up to 85% LTV, the near prime 500 is a three-year fixed rate for self-cert customers, with up to 500 of County Court judgments and defaults ignored.
There is no higher lending charge on the deal, which is also available up to 90% LTV at 6.09%.
And the product is available to a maximum loan of 500,000 up to 85% LTV, and 300,000 up to 90% LTV.
Keith Street, director of sales at Kensington Mortgages, says: In a rising interest rate environment more borrowers are looking for the certainty of a fixed rate, and we dont think they should have to pay through the nose for the privilege.
This is a great self-cert deal with a headline rate of 5.92% that will make people sit up and take notice.
Whats more, it comes with no higher lending charge, allows up to 500 of CCJs and ignores defaults.
We expect demand to be high and look forward to working with Optoma Broker Solutions to ensure our customers dont just receive a great deal, but outstanding service as well.
Chris Smith, new business manager at Optoma, adds: This is a fantastic opportunity for borrowers to secure a good deal while other lenders rates are heading north.
Kensington has always provided Optoma with quality exclusives and with the strength of these rates we are expecting a lot of uptake.