You are here: Home - News -

New Street and Secure Trust cut fixed-term rates

  • 06/06/2017
  • 0
New Street and Secure Trust cut fixed-term rates
New Street Mortgages and Secure Trust Bank have cut rates on a range of their respective buy to let and residential mortgages.

New Street has cut rates across its whole range of five-year fixed rate buy-to-let products by as much as 0.65%.

The lender, which is part of the Northview Group, also cut some of its three-year fixed rate deals. All rates go live from tomorrow.

Examples include:

  • Five-year 75% loan to value (LTV) with no fee, reduced from 4.04% to 3.39%;
  • Five-year 75% loan to value (LTV) with 1.5% fee, reduced from 3.64% to 3.09%;
  • Three-year 80% loan to value (LTV), with 1.5% fee, reduced from 3.44% to 3.34%.

The Northview Group sales and distribution director Steve Griffiths (pictured) said: “Following the launch of our new lending criteria, these changes to our five-year fixed rate mortgages in particular make New Street a highly attractive option for borrowers.

“We firmly believe these new rates and New Street’s innovative approach to the buy-to-let market will resonate with borrowers looking to get a foothold or make their next purchase in the buy-to-let market.”


Secure Trust

Meanwhile, Secure Trust Bank has cut rates on a range of its residential mortgages by up to 0.45%.

The lender, which only entered the mortgage market two months ago, said the new rates would be available to customers who are often overlooked by high street lenders, including contract workers, self-employed and those with complex incomes or who had experienced a credit blip.

Products affected are available exclusively through selected mortgage intermediaries.

Examples include:

  • Two-year fixed 65% LTV at 2.69% (reduction of 0.3%);
  • Two-year fixed 80% LTV at 3.19% (reduction of 0.45%);
  • Three-year fixed 65% LTV at 3.09% (reduction of 0.15%);
  • Three-year fixed 80% LTV at 3.49% (reduction of 0.26%);
  • Five-year fixed 65% LTV at 3.39% (reduction of 0.05%)

Secure Trust Bank Mortgages head of sales and marketing Tony Hall said: “The ongoing review of our rates demonstrates our continued focus on ensuring our customers are consistently getting the best deal possible.

“With our focus on helping customers that are underserved by high street lenders, this reduction will bring more choice to those who don’t fit the criteria used by traditional lenders.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Theresa May prime minister
Narrow win for May or Corbyn, or hung Parliament ‘best economic outcomes’ – Berenberg

A hard Brexit could reduce UK trend growth to 1.5 %, so Berenberg’s senior UK economist Kallum Pickering pronounced an...