Secure Trust Bank (STB) has launched its cheapest ever mortgages, with rates starting at 2.04%.
The new STB0 product tier offers fixed rates for two-, three- and five-year terms at a maximum LTV of 90% with a standard arrangement fee of £1,499.
It is available to clients who have had no CCJs in the last 36 months, although the bank is flexible to clients with more recent telecoms, utilities or mail order defaults.
Prices start at 2.04% for the two-year fixed rate up to 65% LTV, ranging to 3.74% up to 90% LTV.
The cheapest three-year fixed rate is 2.44% up to 65% LTV, while the lowest price for the five-year fixed rate is 3.24% up to 65% LTV.
Products on STB0 are also available for £0 product fee, with rates available from 2.84% up to 65% LTV on the two-year fixed rate, 3.14% for the three-year fixed rate and 3.84% on the five-year fixed rate.
Tony Hall, sales and marketing director at STB Mortgages (pictured above), said: “The launch of our STB0 product range marks the introduction of our cheapest ever mortgages, but it doesn’t change our commitment to use individual underwriting and flexible criteria so that a strong case never goes ignored.
“This means that we can help brokers to place cases that might prove too difficult for other lenders, such as the recently self-employed, contract workers, applicants with complex income and older borrowers.”
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