View more on these topics

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”.


Keeping Virtual compliant

Ross Revell has joined Virtual Net as head of regulatory services. Revell, who previously worked with Saga, will ensure the regulatory requirements of the FSA are complied with and that members of the Virtual Net group receive good service.

Self-cert boost for GMAC-RFC

GMAC-RFC says less than two weeks after it launched its new self-cert range, applications doubled. Rates on the products start at 4.95% and the lender also offers a rapid remortgage option on self-cert discounted rates. Income multiples go up to 4.5 x single or 3.75 x joint. Jeff Knight, head of marketing services, says: “We […]


News and expert analysis straight to your inbox

Sign up