Mortgage Next has launched two semi-exclusive prime mortgages, with funding provided by Kensington Mortgages.
Both products, a two-year tracker and a three-year fixed rate, are available via Mortgage Next Network and Mortgage Next Partners. The two-year tracker is priced at 2.49% over the base rate, giving a current rate of 7.49%, while the three-year fixed rate is prices at 7.39%. Both products revert to 2.5% over bank base rate. Both products offer a maximum LTV of 90% or up to £350,000, while individuals can borrow 4x a single salary and joint applicants can borrow 3.3x joint salary or 4x a single salary plus second salary. The product charges a completion fee of £1,999, with an early redemp...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
