Secure Trust Bank has launched its lowest-ever mortgages with rates starting from 2.04 per cent on its new STB0 tier.
The new tier is available to clients who have no County Court judgments in the past 36 months, but Secure Bank can consider clients with more recent telecoms, utilities or mail order defaults.
The fixed rates available are two, three and five years with the maximum loan to value (LTV) at 90 per cent.
Tony Hall, sales and marketing director at Secure Trust Bank Mortgages, said: "The launch of our STB0 product range marks the introduction of our cheapest ever mortgages, but it doesn’t change our commitment to use individual underwriting and flexible criteria so that a strong case never goes ignored.
"This means that we can help brokers to place cases that might prove too difficult for other lenders, such as the recently self-employed, contract workers, applicants with complex income and older borrowers."
On a two-year fixed rate, prices start at 2.04 per cent up to 65 per cent LTV, rising to 3.74 per cent up to 90 per cent LTV.
The three year fixed rate starts at 2.44 per cent up to 65 per cent LTV, and the cheapest five year fixed rate is 3.24 per cent up to 65 per cent LTV.
There are also products on STB0 available for no product fee, with rates available from 2.84 per cent up to 65 per cent LTV on a two year fixed rate.
The rate increases to 3.14 per cent on three year fixed rate and 3.84 per cent on a five year fixed rate.
Secure Trust Bank lends to customers who are under-served by the high street and specialises in lending to those with a complicated income.
Daniel Bailey, mortgage adviser at Middleton Finance, said that it was "welcome news" that Secure Trust are reducing some of their rates.
He said: "Secure Trust can often help borrowers who struggle to get a mortgage from the high street lenders. I expect to see many more lenders reducing their rates in the final quarter of this year.”