"Following the Bank of England rate cuts and the latest house price indices returning year-on-year growth, momentum is returning"
- Alpa Bhakta - Butterfield Mortgages Limited
Butterfield Mortgages has announced that it has launched two new fixed-rate products designed to meet the needs of international and UK-based high-net-worth individuals.
Available through brokers and directly, the lender is now offering a two-year fixed rate starting from 5.15% and a five-year fixed rate starting from 4.95%.
These rates are applicable to new loans for owner-occupied facilities on mortgages exceeding £2 million and are subject to an individual assessment.
The new products, which are available for a limited period only, add to Butterfield Mortgage’s existing product range which includes a 2-year base rate tracker product, with rates starting from 1% + BoE (minimum pay rate 2.5%).
“We are very pleased to introduce these new offerings to the prime central London market, part of our continued commitment to serving the needs of high-net-worth clients," commented Alpa Bhakta (pictured), CEO of Butterfield Mortgages in the UK, "Following the Bank of England rate cuts and the latest house price indices returning year on year growth, momentum is returning. I look forward to working closely with brokers and borrowers to support their property investment plans in the months ahead, no matter how complex their financing needs may be.”
