Brightstar launches two-year discounted mortgage rates

Brightstar Financial’s specialist first charge division is launching two new two-year discounted mortgage rates suggested for the self employed.

Both rates are available for purchase and remortgage, the discounted rates start from 4.99 per cent up to 75 per cent LTV and 5.49 per cent up to 80 per cent LTV. There are no early redemption penalties and the products require one year’s accounts plus a projection.

Brightstar’s head of specialist first charge Brian Leppard says: “Brightstar has built a reputation for being fast out of the blocks to bring the best products to intermediaries and thanks to Kent Reliance these mortgages project great value, have the minimum of restrictions and will appeal to self employed clients of discerning brokers.”

Kent Reliance’s sales and marketing director John Eastgate says: “Brightstar asked us to respond to the need for keenly priced mortgages to benefit both buyers and remortgagors, and particularly self employed clients. Entrepreneurs who are in the early stages of establishing their businesses are rarely at the forefront of lenders’ thinking. This product aims to provide mortgages for those aiming to be the wealth creators of the future.”