Infinity welcomed back to market

Revised ranges include a new Super Prime category and a reduction in the maximum loan to value (LTV) available on its medium adverse range. The products are continuing to be funded by Investec, despite growing speculation that the lender was looking elsewhere.

There are no higher lending charges across the entire range, full status income top off for buy-to-let products, early repayment charges range between 6-7 per cent depending on the year of termination and there is a status affordability calculator – DTI up to 45 per cent.

With two and three year fixed rates starting at 7.99 per cent, Simon Biddle, head of marketing and communications at Infinity Mortgages said that pricing was looking easier for the lender, however he said the rates have undoubtedly been affected by the current state of the market.

Details for Infinity’s two- and three-year fixed rates – all bar buy-to-let featuring 0.75 per cent completion fees – are as follows, depending on status:

Super prime - Rates starting at 7.99 per cent with a maximum LTV of 95 per cent.

Prime – Rates starting at 7.14 per cent with a maximum LTV of 85 per cent.

Near prime - Rates starting at 7.24 per cent with a maximum LTV of 75 per cent.

Light adverse - Rates starting at 7.39 per cent with a maximum LTV of 75 per cent.

Medium adverse - Rates starting at 8.14 per cent with a maximum LTV of 75 per cent.

Express - Rates starting at 8.74 per cent with a maximum LTV of 75 per cent.

Buy-to-let - Rates starting at 6.99 per cent with a maximum LTV of 85 per cent. The completion fee is 1.99 per cent with a minimum of £1,500. The product covers 100 per cent of initial pay rate with a maximum portfolio of either 5 properties or worth £750,000.