Available with no extended early repayment charge, they now start from 4.89% and 5.28% respectively.
A new Low Start Stepped Flexible Fixed has been launched which offers an initial rate starting from 3.99% for loans up to 85%. A rate of 4.19% is available for loans up to 95% LTV. The rate will increase on a stepped basis each year for the first three years and then remain fixed for a further three years.
The products are flexible allowing underpayments, overpayments, redraws and payment holidays. The same products are available with the option of paying no Arrangement Fee and a £1,000 Help with Costs option. Borrowers can also add an Unsecured Cash Reserve of up to £10,000 to take total borrowing up to 100%. The rate on the cash reserve is 7.99% (SVR + 1.15%).
Other products have also taken into account the latest Bank of England Base Rate increase.
