Poor credit mortgage rates were reduced on one of the ranges available from Rooftop Mortgages.
The mortgage lender announced that it cut the fixed mortgage rates on its Light Adverse mortgage range.
Following a reduction of 0.1 per cent, the Light Plus mortgage now has a fixed mortgage rate of 5.89 per cent over two years.
A mortgage rate of six per cent is available of the two-year fixed rate Light Combi offering, following a mortgage rate cut of 0.24 per cent.
For self-certification mortgage borrowers, the two-year Light Plus mortgage offers a reduced mortgage rate of 6.14 per cent, while the Light Combi self-certification deal has a mortgage rate of 6.29 per cent.
Self-certified mortgages allow mortgage borrowers who are unable to prove their income, like the self-employed, to qualify for mortgages.
The mortgage lender's sales and marketing director Alison Beech says Rooftop Mortgages is "delighted" to offer the "popular" mortgages with lower mortgage rates.
She tells Mortgage Introducer that it seems as if the mortgage lender entered the mortgage market with a "competitive" fixed rate mortgage range at just the right time, as the Council of Mortgage Lenders says fixed rate mortgages are now at their most popular since 1998.
Poor credit mortgage rates cut
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Poor credit mortgage rates cut
Mon, 23 Jan 2006
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