Advantage Home Loans cuts rates on S500 range

Advantage Home Loans has announced that rates on its S500 range have been cut by 0.15% on the two and three year fixed rates.

Fixed rates now start at 5.39%.

The fixed rates (funded by SPML) have been reduced across all products including Right to Buy and buy-to-let, and there is still no early repayment charge overhang on these schemes.

In addition to the rate cut, buy-to-let deals on their three year fixed deal will now be exclusively calculated at 110% of initial pay rate.

Sarah Jones, product manager at Advantage, says: “The reduction to our two and three year fixed rates enhances what is already a strong product range.

“In addition to this we are continuing with our 99 valuation fee (refunded on completion) on selected S500 deals.

“The combination of lower rates and lower valuation fees can only push our S500 range from strength to strength”.