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Advantage announce P100 rate reductions

Advantage Home Loans has reduced the rate on its Platform funded P100 range.

The company is cutting its LIBOR by 0.25% with effect from September 1 2005. LIBOR will reduce from 4.87% to 4.62%.

There is no higher lending charge up to 90% on selected products; buy-to-let up to 85%; Right to Buy up to 85%; and self-cert to 90%.

Defaults are ignored on all non-conforming products. Special rates are available.

However, fees can be added on all products. There are any purpose remortgages

In addition to these niches, the P100 has available 99 and refunded valuations on selected schemes via Advantage.

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