The product is 5.59% (APR 5.7%) fixed for 4 years and is available up to 80% LTV. The product includes a free standard valuation. For purchasers there is an additional £200 cashback, whilst for remortgagers standard legal fees are paid. An arrangement fee of £895 is payable, but can be added to the loan.
Martin Reynolds, corporate manager at PMS said, “With the continuing uncertainty in the economy and volatility of the money markets having the security of a longer term fixed may be a viable option. We are delighted to be working alongside Astra with this exclusive product.”
Stewart Hunter, head of introduced mortgages at Astra stated: “The intermediary mortgage market needs more long term fixed rate products at lower rates to bring greater payment stability for borrowers, we are pleased to launch this 4 year fixed rate through PMS.”
