Both products are available up to 90% LTV and offer a 1.10% discount off the Society’s variable rate for three years. The remortgage option offers free legals and free valuation.
Chief Executive, Jeremy Wood, said:
“These are good products for the market we are working in. Not only do they have a high LTV threshold, which will benefit first time or returning buyers, rates below 4% are particularly to be welcomed. For those clients wishing to remortgage, we have aimed to offer attractive terms but with the added value of free legals and a free valuation to keep costs down to the minimum.
“It is worth intermediaries bearing in mind that with a term of up to 35 years and our stance on older lives, these products could provide a crucial lifeline to customers with a sustainable repayment plan who wish to borrow into retirement.”
