Beacon reduces residential rates

Beacon's range of residential fixed rate loans, which are available via its exclusive packager panel, now start from 5.54% (Near Prime 2-year fixed rate at 70% loan-to-value (LTV)).

Other highlights of the range include:

• 2-year fixed Light adverse 75% LTV product at 5.89%
• 3-year fixed Minor adverse 80% LTV product at 5.94%
• 3-year fixed Light adverse 80% LTV product at 6.04%
• 3-year fixed Fastrack 75% LTV product at 6.99%

Clive Willson, head of sales for Beacon, said: "At Beacon we are dedicated to offering our packager partners competitive products that stand out in the non-conforming sector. With our wide reaching criteria and flexible product options we are certain that these newly priced products will prove very popular.”