The 2.68% (5.6% APR) two year product is available at a max 80% LTV.
Meanwhile the 2.54% (5.5% APR) two year fixed rate product comes with a max LTV of 60%. Both are suited to those looking to remortgage or perhaps with a larger deposit to purchase their home.
With no ERCs attached to either product it means borrowers have the flexibility to move home or repay their mortgage without any restricting penalties. With the reported rising interest rate environment this means customers can fix whilst rates are lower, however if their circumstances or needs change they can then can move their mortgage.
Alternatively, for those that need assistance with the costs of moving there is the 2.98% (5.5% APR) two year fixed rate product, which is available at a LTV of up to 80%.
Steven Marks, Corporate Development Executive, said:
“These products give our brokers the chance to offer their clients greater flexibility; to overpay as much as they want or change mortgages when they would like, while offering competitive rates.
“As well as this, the fees free* 80% LTV product allows them to help their borrowers make upfront savings, which can take away some of the costs associated with remortgaging or moving home.”
