Astra launches new Basel - priced loans
Astra Mortgages from Norwich and Peterborough Building Society is launching a new range of risk-priced buy-to-let mortgage products, which take full advantage of the fact that N&P was the first to obtain the Basel ll waiver from the FSA.Graham Toy, chief executive of Astra, said: “These new products will be very exciting for mortgage introducers and their clients. As the first lender to be approved by the Financial Services Authority to offer Basel ll risk-based pricing we have the ability to offer extremely competitive products for low risk mortgage applicants.”
Without incentives options:
2-year fixed rate 75% LTV
Rate now reduced from 5.34% to 5.14% – available from 24/8
Rate to reduce from 5.89% to 5.72% – available from 29/8
2-year fixed rate 85% LTV (115% rental coverage)
Rate to reduce from 5.48% to 5.27% – available from 29/8
Rate to reduce from 6.04% to 5.84% – available from 29/8
2-year fixed rate 90% LTV
Rate to reduce from 5.48% to 5.27% – available from 29/8
Rate to reduce from 6.04% to 5.84% – available from 29/8
3-year fixed rate 75% LTV
Rate now reduced from 5.84% to 5.54% - available from 24/8
Rate to reduce from 6.24% to 5.93% – available from 29/8
3-year fixed rate 85% LTV (115% rental coverage)
Rate to reduce from 5.94% to 5.58% – available from 29/8
Rate to reduce from 6.29% to 5.98% – available from 29/8
Rate to reduce from 5.94% to 5.58% – available from 29/8
Rate to reduce from 6.29% to 5.98% – available from 29/8
5-year fixed rate 75% LTV
Rate now reduced from 6.38% to 5.99% - available from 24/8
Rate to reduce from 6.44% to 6.06% – available from 29/8
5-year fixed rate 85% LTV
Rate to reduce from 6.44% to 6.04% – available from 29/8
Rate to reduce from 6.49% to 6.06% – available from 29/8
Rate to reduce from 6.49% to 6.06% – available from 29/8
Rate to reduce from 6.54% to 6.18% – available from 29/8
5-year fixed rate 90% LTV
Rate to reduce from 6.49% to 6.09% – available from 29/8
Rate to reduce from 6.54% to 6.18% – available from 29/8
Rate to reduce from 6.64% to 6.18% – available from 29/8
Rate to reduce from 6.74% to 6.23% – available from 29/8
With incentives options:
5-year fixed rate 75% LTV
Rate to reduce from 6.48% to 6.09% – available from 29/8
Rate to reduce from 6.54% to 6.19% – available from 29/8
5-year fixed rate 85% LTV
Rate to reduce from 6.54% to 6.13% – available from 29/8
Rate to reduce from 6.58% to 6.23% – available from 29/8
Rate to reduce from 6.58% to 6.19% – available from 29/8
Rate to reduce from 6.68% to 6.28% – available from 29/8
5-year fixed rate 90% LTV
Rate to reduce from 6.58% to 6.19%– available from 29/8
Rate to reduce from 6.68% to 6.28% – available from 29/8
Rate to reduce from 6.74% to 6.27% – available from 29/8
Rate to reduce from 6.84% to 6.36% – available from 29/8