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Citibank interest rate change

Citibank Mortgages has increased its rates for new and existing customers as of the 18/04/2008

Standard Variable Self Certified loans:

Existing Customers: 0.15 percent p.a. increase

New Business: 0.03 percent p.a. increase

All other standard variable products (fully verified loans)

Existing Customers: 0.15 percent p.a. increase

New Business: 0.15 percent p.a. increase

Fixed rates have also been increased.

Citibank have announced that from 14 April 2008 Citibank will no longer pay the Lenders Mortgage Insurance premium for new Self-Certified loans. Instead, new Citibank customers will be required to meet this cost. Citibank continue to provide a wide range of valuable benefits to all Self-Certified customers including:

• A simple, streamlined application process
• A wide choice of self-certified loans including fixed, variable and interest-only options
• Option to step down interest rate (conditions and fees may apply).