Redwood Bank: Launches fixed rate mortgages
- Redwood Bank, which this year is celebrating five years in business, is offering the assurance of consistent monthly payments
- The time is right to introduce these new products to customers, who are facing uncertain times
- The new fixed-rate mortgages will be available over a two or three-year fixed period.
- The LTV will be up to 75 percent for secured residential investment and 70 percent for secured commercial property loans
- Customers can choose between capital and interest or interest only, the latter will be up to 30 years for residential
- They will also be able to take advantage of interest-only periods that will revert to capital and interest repayments
