AA launches into mortgage market with fixed-rate range

The AA has officially launched into the mortgage market with a range of five fees-assisted mortgage products, fixed for between two and five years.

Related topics:  Mortgages
Rozi Jones
23rd August 2016
Paper plane new launch
"The AA is committed to being the pre-eminent membership organisation in the UK and a mortgage offer for members will help achieve that."

Its initial range is available up to 90% LTV with rates starting from 2.08%.

The AA's four year fixes are available from 2.48%, rising to 3.53% at 90% LTV.

As part of the mortgage offer, AA members will also be given 12 months of home emergency and central heating emergency repair cover, as well as a 15% discount on AA home insurance.

The AA financial services director Michael Johnson, said: “We know lots of our members are currently sat on expensive mortgage deals spending far more than they need to, but a combination of high fees and a lack of information are stopping them from switching to a better deal.

“This mortgage range has been developed to respond to the needs of our members by removing hidden costs and providing simple, straightforward information, to reduce the hassle of re-mortgaging or buying a home.

“The AA is committed to being the pre-eminent membership organisation in the UK and a mortgage offer for members will help achieve that.”

The AA joined forces with Bank of Ireland UK in July last year to provide a range of financial services to UK consumers.

It launched the AA ISA in October, before announcing its intention to enter the residential mortgage market.

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