Fixed rate offered by c2-financial

The exclusive product, which is being introduced in partnership with Salt, is fixed at 6.89 per cent and comes with no overhang, free valuation and no higher lending charge. It allows mortgage arrears and CCJs up to 90 per cent loan to value. Redemption is six per cent and there is an arrangement fee of £895, which can be added to the loan.

Justin Caffrey, managing Director of c2-financial, said: “Recent rises in the Bank Base Rate have resulted in a sharp increase in demand for fixed-rate products. There are plenty of competitive mortgages available in the prime market, but not many in the sub prime sector, especially to those with extensive adverse history. This product is designed to help to redress this imbalance. In addition to offering a competitive rate, it offers zero HLC and no ERC beyond the fixed-rate period.”