The new range of fixed rate mortgages will have an end date of 1st September 2007, and for higher loan to value applications, the interest rate will drop from the previous 6.24% to 5.99%, with no extended lock-in.
Colin Stevens, Head of Retail Lending, comments: "The reduced interest rate for higher LTV loans will make our mortgage proposition even more attractive to those seeking larger loans. Combined with the new end dates, our flexible approach to underwriting and proven high levels of service to intermediaries, the new fixed rate range offers an attractive deal for borrower and mortgage adviser alike."
Heritable Bank offers Buy-to-Let, Self Certification, Semi-Commercial and Status mortgages in England and Wales. The product range includes options for customers who do not wish to have extended early repayment charges and, for Buy-to-Let customers, a LIBOR-linked interest rate that is reviewed every three months. The Bank offers mortgages to expatriates, foreign nationals and limited companies, both in the UK and offshore.