High Street cuts mortgage rates by 1%

High Street Home Loans fired off a salvo in the mortgage war by cutting its rates by 1% across its entire variable rate subprime range for a 12 month period. The subprime range is designed to cater especially for borrowers who might otherwise find difficulty in securing a loan, for example, people who are self-employed, unable to prove their income, on short-term contracts or have minor and even heavy adverse credit histories. The rate cut affects around a hundred of High Street's different products and is available until 1st June 2002 for purchases of up to 95% loan to value (LTV...