Secure Trust Bank Mortgages (STB) has cut prices across 70 of its products and introduced a new £0 product fee range.
The specialist bank has made its largest reductions on its STB3 product tier for clients who have registered zero CCJs or defaults in the last six months.
A two-year fixed rate on this product up to 75% LTV has been cut by 0.85% to 3.74%, while the same product now costs 3.64% up to 70% LTV and 3.54% up to 65% LTV.
Cuts have also been made on the bank’s STB2 and STB1 products for clients who have registered zero CCJs or defaults in the last 12 and 24 months, respectively.
It has also introduced £0 product fee mortgages available up to maximum LTVs across all of its product tiers.
A two-year fixed rate with a £0 product fee is available from 2.84% up to 65% LTV, while a five-year fixed rate is offered from 3.84% up to 65% LTV.
The range – which includes options for interest-only and part and part – offers free standard valuations on purchase of properties valued up to £350,000.
It also offers free standard valuations and fees assisted legals on remortgages.
Tony Hall, sales and marketing director at Secure Trust Bank Mortgages (pictured above), said: “At Secure Trust Bank, we underwrite every case on its own merits, using our criteria as an intelligent guide, not an insurmountable hurdle.
“This means that we can help brokers to place cases that might be too tricky for other lenders and – by cutting rates across 70 of our mortgages and introducing a £0 product fee range – we are making this approach even more accessible for clients who might not fit a standard credit score.
“The £0 product fee will be particularly useful for first-time buyers who want to minimise their upfront costs and remortgage clients who want an affordable way to switch their home loan.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Metro Bank to open first store in Liverpool
Metro Bank is set to open a new store in Liverpool on Paradise Street...
Investec removes SVR from all new fixed rate mortgages
Investec Private Bank has removed the standard variable rate (SVR) on its two-, three-, four-, five- and 10-year fixed rate product range for all new clients...
Mid-size automotive manufacturers miss out on £25bn in revenues
UK mid-sized automotive manufacturers could be missing out on £25bn in revenues as a result of insufficient access to funding, according to research from Wyelands Bank...
Leek United hires new finance director
Leek United Building Society has named Rob Broadbent (pictured above) as its new finance director...
Handelsbanken posts 7% lending surge
Handelsbanken has revealed in its latest quarterly results that its UK lending increased by 7% to £21.1bn in Q1 2019 compared with the same period last year...
Al Rayan Bank expands Birmingham headquarters
Al Rayan Bank has expanded its operational headquarters in Edgbaston, Birmingham...
Cynergy Bank bolsters senior leadership team
Cynergy Bank has strengthened its senior leadership team with two new appointments...
Dispelling overseas property investment myths
When people talk about overseas buyers ‘snapping up’ UK property, assumptions about their supposed negative impact on the housing market abound...
Arbuthnot Latham appoints private banker to Manchester office
Arbuthnot Latham has announced the appointment of Barry Grieve as senior private banker to its Manchester office...
United Trust Bank launches exclusive broker promotion
United Trust Bank (UTB) has launched its 2019 ‘Live and Learn’ broker promotion...
Triodos supports extension of Bristol music venue
Triodos Bank has part-funded the £6.3m extension at the music venue St George’s Bristol...