It has extended all product end dates to 1 August 2009.
Heritable Bank’s flexible underwriting approach means that brokers and their clients can choose either to take the lowest fixed rate and pay a higher arrangement fee or to take a marginally higher rate and reduce the up-front costs.
Colin Stevens, Heritable Bank’s director of residential mortgages, commented: “After a fortnight of holding our rates lower, this review brings our range in line with the mortgage market. However, we are offering brokers and their clients a choice of paying more up-front or factoring this into a higher fixed rate.”
For self-certification and buy-to-let rates up to 80% loan-to-value (LTV) and with no extended lock-in rates are:
- 5.74% (APR 7.4%) with an arrangement fee of 2.00%
- 5.99% (APR 7.4%) with a lower arrangement fee of 1.50%
