A Morgan Stanley-backed lending specialist set to raise its rates on prime buy-to-let products in the first sign that the global credit crisis could impact on the main UK mortgage market. Financial Times
In the next two weeks, Advantage is to raise lending rates on its buy-to-let range, as well as on subprime and self-certification mortgages.
’Advantage held off repricing whilst we assessed market conditions,’ said Keith Dearling, the company’s managing director. ‘Advantage remains committed to offering competitive products.’