Lower rates from Genesis

All four products have a new, extended end date of 1 January 2005 and revert to a LIBOR loaded SVR after the fixed period. Available up to 90% LTV full status, Discovery now offers an improved fixed rate of 5.69%, whilst Atlantis is available up to 85% LTV self certification at a fixed rate of just 5.89%. Columbia - the second full status product - is available up to 85% LTV at a fixed rate of 5.99%, whilst Endeavour - the second self certification product - is also available to 85% LTV, but at a fixed rate of 6.49%.

Redemption penalties have also changed for the better with no extended tie-ins; the early repayment charge is 6% during the fixed rate period only. Thereafter, one month’s notice or interest in lieu is charged.