DB launches fixed and tracker rates

DB Mortgages has launched a series of two-year trackers and two and three-year fixed rates over its core range.

The two-year fixed rates start at 6.05%, with an early repayment charge of 6% in the fixed rate period and the three-year fixed rates start at 5.95% with an ERC of 6% in the first three years respectively.

The two-year tracker rates will be linked to three-month LIBOR, and rates will start from 5.75% on the tracker products with an ERC of 6% in the initial rate period.

Another addition is the removal of any loading below 75% LTV on residential rates for self-cert compared to full status rates.

Mark Bergin, director of sales and marketing at DB, says: “The launch of these products begins the next strategic stage for us and will allow us to consolidate our position further in the packager market, having already placed 25 regional underwriters in packagers offices over the last few months.

“The value of experienced people throughout the operation, along with a new delivery of technology will bring greater value to the intermediary market. Following a recent securitisation for Deutsche Bank we have plans for further securitisations later this year and we will be entering the next stage of our distribution strategy over the coming weeks.”