Abbey National's specialist lender First National Mortgage Company is bringing rates for its self-certification range of loans into line with full-status applications.
The self-cert version of the lender's standard variable mortgage is available on a fixed rate of 5.49 per cent until February 2005 or at a rate of 5.74 per cent until February 2008.
For borrowers looking to remortgage, they have the option of either a fixed rate of 5.99 per cent until February 2005 or a 2.99 per cent discount on the standard rate of 8.74 per cent, meaning the starting rate would currently be 5.75 per cent.
Head of customer marketing George Bell says: “Most lenders tend to penalise self-certified applicants. At First National we do not take this approach, and so any self-certified applicant coming to us will get the same standard deal as any full-status customer.”