As part of the campaign to help FTBs get onto the property ladder, Bristol & West has introduced four new product options.
The options are as follows:
4.5x income option available on a sole income at a rate of 5.74 per cent for two years with a 10 per cent discount off the SVR (currently 7.84 per cent) until 2008. Available to 95 per cent LTV with a £699 arrangement fee and no extended tie in.
Low fixed rate of 4.99 per cent for the first year until 30/11/2008, followed by a four-year fix of 5.99 per cent until 30/11/2012, then onto the SVR. Available at 95 per cent LTV, £999 arrangement fee and 5 per cent of the sum repaid until 30/11/2012. Part repayment admin fee: £50
Fee free fixed rate at 6.19 per cent for three years until 30/11/2010 at 95 per cent LTV with 2 per cent cashback. 3 per cent of the sum repaid until 30/11/2010. Part repayment admin fee: £50
Cashback three-year fix at 6.84 until 30/11/2010. 95 per cent LTV with £599 arrangement fee, 2 per cent cashback paid to the solicitor with the advance. Minimum loan £25,001 and 3 per cent of the sum repaid until 30/11/2010. Part repayment admin fee: £50
Alison Pallett, MD of consumer lending, Bank of Ireland Personal Lending UK, said: "Our new campaign is specially designed to help our customers get onto the property ladder. Whether they need extra cash up front, the benefit of assistance with fees, a low up front rate, or great income multiples, we are here to help. Bristol & West Mortgage customers can now benefit from a slick process, by applying for their mortgage online.”
