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MEX reveals new self-cert range

Mortgage Express is offering a range of two year fixed rate deals on self certification mortgages.

It says the move comes in direct response to recent broker research indicating strong consumer demand for two-year deals.

The range includes a set of discounted deals which revert to base rate plus 2 per cent after the fixed period. They have also been introduced at 75 per cent, 85 per cent and 90 per cent loan to value.

MEX product development manager Emma Paine says: These are the first two year products in our self certification portfolio and have been launched to offer borrowers a competitive rate with no extended redemption penalties. Our research indicates a growing desire for the flexibility a shorter deal offers and we have responded to this need.

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