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Reduced mortgage rates at Advantage

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Mortgage rates have been lowered at Advantage Home Loans.

The mortgage lender has cut mortgage rates on its fixed mortgages over two and three years.

For the two-year fixed rate mortgage, the mortgage rate is now 0.15 per cent lower. The three-year fixed mortgage rate has been reduced by 0.05 per cent.

End dates for both these fixed rate mortgages have been extended to March 1st 2008 for the two-year mortgage and March 1st 2009 for the mortgage fixed for three years.

This date extension and mortgage rate reductions can only enhance what is already a strong product range, according to Sarah Jones, product manager at Advantage Home Loans.

John Prust of SPML, which funds the mortgages, says that with many mortgage lenders starting to increase the mortgage rates on fixed mortgages, SPML is delighted to be offering more keenly priced fixed rates in what is still a very competitive market place.

We are confident that our reduced fixed rates will prove to be highly popular with both mortgage brokers and borrowers who are looking for stable payments in the early part of the mortgage term.

SPML is one of the leading non-conforming mortgage lenders. It specialises in poor credit mortgages, ranging from near prime mortgage deals to heavy adverse mortgages for those with adverse credit problems.

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