Advantage, the specialist mortgage arm of Morgan Stanley, has today announced new rates on several of its mortgage products, following similar moves from other sub-prime lenders.
For the ADV non-conforming range, rates start at 5.34%, with no higher lending charge, affordability based lending and the acceptance of CCJ’s on number rather than amount. The Advantage self-certification range now starts from 6.34% and allows up to 95% LTV borrowing and no higher lending charge. First time buyers may borrow up to 90% LTV. The buy-to-let range has also been re-priced, with rates starting at 5.54%. The buy-to-let option allows a portfolio of up to £5m and can lend up to 90% LTV. Keith Dearling, managing director of Advantage, comments: “Advantage held off re-pricing...
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