Secure Trust Bank has introduced what it has called its ‘lowest-ever rates’ on its first charge residential STB0 product tier.
The rates start at 2.04 per cent and are available to clients who have zero CCJs in the last 36 months. The lender says it will also consider clients with more recent telecoms, utilities or mail order defaults.
Fixed rates are available for 2, 3 and 5 years at a maximum LTV of 90 per cent; the standard arrangement fee is £1499.
Secure Trust Bank sales and marketing director Tony Hall says: “The launch of our STB0 product range marks the introduction of our cheapest ever mortgages, but it doesn’t change our commitment to use individual underwriting and flexible criteria so that a strong case never goes ignored.
“This means that we can help brokers to place cases that might prove too difficult for other lenders, such as the recently self-employed, contract workers, applicants with complex income and older borrowers.”