Mercantile Trust have announced an intermediary update which is available below.
Rate Changes
Following the recent base rate increase we are updating our Bridging and BTL product ranges effective from the 24th July 2023. We will honour the existing pipeline subject to it completing by the 31st August 2023
Applications that have not completed by this date will need to be resold on the new rates.
Bridging:
First charge rates from 1.02%
Second charge rates from 1.14%
BTL Term:
First charge mortgages
- Variable rates from 12.52%
- 2 year fixed rates from 12.53%
- 3 year fixed rates from 12.30%
- 5 year fixed rates from 11.90%
Second charge mortgages
- Variable rates from 12.75%
- 2 year fixed rates from 12.76%
- 3 year fixed rates from 12.53%
- 5 year fixed rates from 12.13%
You can download our new Bridging and BTL product guides below:
For new case enquiries, please contact your BDM or BDE directly on 0800 032 5282, or email [email protected].
For updates on cases already submitted please email [email protected]