Secure Trust Bank has launched its cheapest ever mortgages, with rates starting from 2.04% on its new STB0 product tier, available to clients who have no CCJs in the last 36 months.
But Secure Trust Bank can consider clients with more recent telecoms, utilities or mail order defaults. Fixed rates are available for 2, 3 and 5 years, the maximum LTV is 90% and the standard arrangement fee is £1499.
Tony Hall, sales and marketing director at Secure Trust Bank Mortgages, said: “The launch of our STB0 product range marks the introduction of our cheapest ever mortgages, but it doesn’t change our commitment to use individual underwriting and flexible criteria so that a strong case never goes ignored.
“This means that we can help brokers to place cases that might prove too difficult for other lenders, such as the recently self-employed, contract workers, applicants with complex income and older borrowers.”
On a 2-year fixed rate, prices start at 2.04% up 65% LTV and are available for 2.14% up to 70% LTV, 2.24% up to 75% LTV, 2.44% up to 80% LTV, 2.84% up to 85% LTV and 3.74% up to 90% LTV.
The cheapest available 3-year fixed rate is 2.44% up to 65% LTV and the cheapest 5-year fixed rate is 3.24% up to 65% LTV.
Products on STB0 are also available without a product fee, with rates available from 2.84% up to 65% LTV on a 2-year fixed rate, 3.14% on a 3-year fixed rate and 3.84% on a 5-year fixed rate.