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Astra launches Basel-priced deals

28 August, 2007

Astra Mortgages has launched a range of risk-priced buy-to-let mortgage products.

Graham Toy, chief executive of Astra, said: “These products will be very exciting for mortgage introducers and their clients. As the first lender to be approved by the Financial Services Authority to offer Basel ll risk-based pricing we have the ability to offer extremely competitive products for low risk mortgage applicants.”

Without incentives options:

2-year fixed rate 75% loan-to-value (LTV)

• Rate reduced from 5.34% to 5.14%

• Rate reduced from 5.89% to 5.72%

2-year fixed rate 85% LTV (115% rental coverage)

• Rate reduced from 5.48% to 5.27%

• Rate reduced from 6.04% to 5.84%

2-year fixed rate 90% LTV

• Rate reduced from 5.48% to 5.27%

• Rate reduced from 6.04% to 5.84%

3-year fixed rate 75% LTV

• Rate reduced from 5.84% to 5.54%

• Rate reduced from 6.24% to 5.93%

3-year fixed rate 85% LTV (115% rental coverage)

• Rate reduced from 5.94% to 5.58%

• Rate reduced from 6.29% to 5.98%

3-year fixed rate 90% LTV

• Rate reduced from 5.94% to 5.58%

• Rate reduced from 6.29% to 5.98%

5-year fixed rate 75% LTV

• Rate reduced from 6.38% to 5.99%

• Rate reduced from 6.44% to 6.06%

5-year fixed rate 85% LTV

• Rate reduced from 6.44% to 6.04%

• Rate reduced from 6.49% to 6.06%

• Rate reduced from 6.49% to 6.06%

• Rate reduced from 6.54% to 6.18%

5-year fixed rate 90% LTV

• Rate reduced from 6.49% to 6.09%

• Rate reduced from 6.54% to 6.18%

• Rate reduced from 6.64% to 6.18%

• Rate reduced from 6.74% to 6.23%

With incentives options:

5-year fixed rate 75% LTV

• Rate reduce from 6.48% to 6.09%

• Rate reduce from 6.54% to 6.19%

5-year fixed rate 85% LTV

• Rate reduced from 6.54% to 6.13%

• Rate reduced from 6.58% to 6.23%

• Rate reduced from 6.58% to 6.19%

• Rate reduced from 6.68% to 6.28%

5-year fixed rate 90% LTV

• Rate reduced from 6.58% to 6.19%

• Rate reduced from 6.68% to 6.28%

• Rate reduced from 6.74% to 6.27%

• Rate reduced from 6.84% to 6.36%

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