Advantage has today relaunched several of its mortgage products with new lower tracker rates.
The self-certification range, aimed at the mainstream market, is available for both employed and self-employed borrowers. The mortgage is based on affordability, rather than income multiples, which means that borrowers can potentially borrow more than their incomes would usually allow.
The self-certification range now features a 2-year tracker rate and 2-year fixed rate offering and all rates are linked to the Bank Base Rate rather than LIBOR.
The ADV non-conforming range has added 1 and 2-year tracker rates along with 2 and 3-year fixed rates.
The changes have been made because of research showing that advisers’ clients have negative feelings towards traditional non-conforming categories such as heavy adverse.
Keith Dearling, managing director of advantage, says: “We continuously review our product ranges and look at how market conditions are affecting brokers, packager, networks and customers and how we can enhance our offering to meet changing needs.
"At the present time there is a high demand for alternatives to 2 and 3 year fixed rates, as these are proving too expensive for customers.”
The new products are available immediately via e:lect.
If you would like to comment on this story, contact:
Tel: 020 7034 2682
e-mail: [email protected]
Echoes of sci-fi thriller 'Minority Report'
Heading for biggest annual nominal losses since 2008
‘To drive future inflows and AUA growth’
‘To support growth strategy’