Butterfield Mortgages, a London-based lender specialising in residential mortgages for prime properties, has launched two new fixed rate products designed to meet the needs of international and UK-based high-net-worth individuals.
Available through brokers, Butterfield Mortgages is now offering a two-year fixed rate starting from 5.15% and a five-year fixed rate 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’s existing product range which includes a two-year base rate tracker product, with rates starting from 1% + Bank Rate (minimum pay rate 2.5%).
Alpa Bhakta (pictured), CEO of Butterfield Mortgages in the UK, said: “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.
"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.”
