Heritable reprices range

These products are available in conjunction with the Bank’s current ‘Reasons to love Heritable Bank’ promotion, which offers introducers the choice of enhanced introductory fees (of up to 0.7 per cent), reduced arrangement fees for customers or a combination of both.

The products provide lower interest rates across the buy-to-let, self-certification, semi-commercial and status mortgage ranges. They include:

• Two-year fixed rates at 4.99 per cent (APR 7.2 per cent) and 5.74 per cent (APR 7.4 per cent)
• Two-year discounted LIBOR-linked product at 5.32 per cent (APR 6.9 per cent)
• Whole life of mortgage LIBOR +1.10 per cent, currently 6.42 per cent (APR 6.7 per cent)

Colin Stevens, director of residential mortgages at Heritable Bank, commented: “Introducers who have already used us recognise our expertise in underwriting unusual mortgages, our high service levels and flexibility. The current promotion, offering introducers both enhanced introductory fees and the opportunity to offset these against a client’s arrangement fees, now combines with a new range of cheaper mortgage rates, to provide highly attractive mortgage options to introducers and their customers alike.”