Butterfield Mortgages in the UK, a London-based lender specialising in residential mortgages for prime properties, has launched two new fixed rate products tailored for international and UK-based high-net-worth borrowers.
The lender is now offering a 2-year fixed rate starting from 5.15% and a 5-year fixed rate starting from 4.95%. These rates are available on new owner-occupied mortgages exceeding £2m, subject to an individual assessment.
Alpa Bhakta, 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.”
The new fixed rate products, available for a limited period, add to Butterfield Mortgages’ existing range, which includes a 2-year base rate tracker with rates starting from 1% + Bank of England base rate (minimum pay rate 2.5%).
