It is also providing a cashback facility on mortgages available at 85% and 90% LTV, to help brokers clients with the extra costs involved in house buying.
Bristol & West Mortgages is to offer new rates, with reductions on mortgages in both the 75% and 90% LTV bands. These are:
- 75% LTV: Three year fixed mortgage at 4.99% reduced from 5.15% reverting to BBR +1.75%
- 90% LTV: Three year fixed mortgage at 5.79% reduced from 6.19% reverting to BBR + 1.75% with 1% cashback.
- Bristol & West Mortgages is also offering 1% cashback on its three year fixed mortgage at 5.49%, available up to 85% LTV.
Buying a new home can feel overwhelming. There are numerous extra costs involved, which can often seem relentless. Bristol & West Mortgages appreciates this and is consequently offering cashback to help minimise the strain that accompanies property purchase. A lump sum is paid upon completion of the mortgage and brokers clients will find the extra money very useful in assisting with the fees associated with home buying or for furnishing or decorating a new home.
According to the Office of National Statistics, the self-employed constituted 15% of the working population last year. This is quite a substantial figure and yet it does not even begin to account for those with more than one job, contract workers or those with an extra income, such as a regular work bonus or family allowance. Self Cert mortgages continue to be a necessity for many borrowers while the range of mortgages available to brokers clients continues to diversify and expand.
Bristol & West Mortgages offers its Self Cert mortgages with reduced rates and cashback with brokers clients in mind, to make those hidden extras a little easier to fund.
According to Bob Stanworth, Senior Product Manager for Bristol & West Mortgages, “With the cashback being paid direct to the solicitor with the advance, it should certainly help fund Stamp Duty, or solicitors fees, at a time when many need that extra help.”
Brokers interested in finding out more about Bristol & West’s new range of mortgage offers should call Bristol & West on 0117 943 7755. Information can also be found on the website at:
www.bristolandwest4brokers.co.uk
