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
FP Show confirms Zopa co-founder as keynote speaker
James Alexander, co-founder and former CEO at Zopa (pictured above), has been named as the keynote speaker at the forthcoming Finance Professional Show...
Metro Bank provides £4m invoice finance line to healthcare business
Metro Bank has provided a £4m invoice finance line to medical insourcing specialist 18 Week Support Group...
Modulr to create over 30 new jobs in Scotland
Modulr has completed its latest funding round led by digital venture builder Blenheim Chalcot, which takes the latter’s total investment in the payments fintech to £10.5m...
Specialist banks answer need for products that ‘reflect the reality of today’s society’
Better service and products are the main reasons why a broker would use a specialist bank, according to the latest poll by Specialist Banking...
Leeds Building Society cuts rate on retirement interest-only mortgage
Leeds Building Society has reduced its five-year fixed rate on its retirement interest-only mortgage...
60% of people want to know where their money is invested
Six out of 10 people (60%) want to know where their money is invested, according to the latest research published by Charity Bank...
Why commercial banks are in danger of being left behind
Harnessing a customer-first, technology-led approach, retail banks are paving the way with innovation...
Aldermore supports Quba Solutions with £10m facility
Aldermore has provided a £10m finance facility to Dorchester-based Quba Solutions...
TSB announces new SME banking leadership team
TSB has revealed its new SME banking leadership team as it prepares to launch its business banking proposition later this year...
Paragon Banking Group expects 25% BTL pipeline growth
Paragon Banking Group has announced that its BTL pipeline at 30th September 2018 is expected to be more than 25% higher than the level reported at the same time last year...
Development Bank of Wales moves into new Wrexham HQ
The Development Bank of Wales has opened its new headquarters in Wrexham at Yale Business Village...