New fixed rates from Bristol & West
The five-year fixed rate buy-to-let product has an intitial rate of 5.89 per cent until April 2007. It is available up to 85 per cent loan-to-value (LTV). Redemption penalties of seven per cent until 30 April 2003, six per cent until 30 April 2005, and five per cent until 30 April 2007.
The five-year fixed rate prime mortgage has an initial rate of 5.49 per cent before reverting to Base rate plus one per cent. And the seven-year fix has an initial rate of 5.55 per cent. Neither product has a redemption penalty overhang.
Rachel Woollatt, group product manager at Bristol & West Mortgages, said: “Bristol & West Mortgages have been carefully evaluating economic movement and are continually responding to each development to ensure that brokers have the best possible products to offer to their clients both for the long and short term.”