Secure Trust Bank has cut rates across a selection of its residential mortgage products.
The specialist bank has reduced its two-year fixed rates by as much as 0.4%, its three-year fixed rates by 0.2% and its five-year fixed rates by up to 0.3%.
Rates will now start from 2.39% following the launch of a new suite of residential interest-only and part and part mortgage products at Secure Trust Bank.
Brokers have access to Secure Trust Bank's new interest-only proposition, which allows borrowers to take out mortgages up to a maximum LTV of 65%.
Brokers will also have access to the bank's part and part mortgage product, which is available up to 85% LTV.
Customers can borrower up to 65% on interest-only and top up 20% on a repayment basis to take overall lending to 85% LTV.
“We have continued to expand our offer with a comprehensive range of products and new partnerships to deliver our services since our launch less than a year ago,” said Tony Hall, head of sales and marketing at Secure Trust Bank Mortgages (pictured above).
“We are committed to offering great rates for our customers [and] we hope these changes will make our products even more attractive to brokers looking to help those underserved by high street lenders, putting us in a much more competitive position as we further expand our profile across the UK.”
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...