Quantum Mortgages has launched Switch to Fix and reduced its tracker rates.
In addition, it has introduced a new one-year discounted tracker product.
Quantum now allows brokers to Switch to Fix for up to two years after completion.
The lender has reduced its lifetime tracker to allow for last week’s base rate rise. It has also reduced its two-year discounted rates and the ERC on its two-year discounted product.
Quantum has expanded the two-year discounted product to include specialist and expat and foreign Nationals.
Meanwhile, the lender has introduced a new one-year discounted tracker across the entire range.
Spencer Gale (pictured), sales director at Quantum Mortgages, said: “As the financial markets continue to recover from the fallout of the mini budget presented by the government on the 23rd September, we all know that the whole supply chain within the mortgage market has come under considerable strain these last four weeks.
“After speaking to hundreds of brokers across 16 events in October, it was clear that ICRs were under considerable strain with the stress test of fixed rates and cases weren’t fitting, so we looked at our product range for potential alternatives that may help those struggling ICRs.”
