Bristol & West is predicting that rates are more likely to rise than fall in the short term; with at least one more rise during 2005.
For borrowers wanting medium-term security the new range includes a competitive five year fixed rate at 4.95% until 31/03/10. Perfect for remortgagers, the mortgage is also fees assisted, with no legal or valuation fees*. Importantly, there is no extended tie-in beyond the end of the fixed period.
The new range also includes competitive offset, self-certification and buy-to-let mortgages, such as:
- Offset tracker 5.40% variable (BBR + 0.65% for term) to 95% LTV, early repayment charge for first year only (2%) with no charge for part repayments, £399 arrangement fee.
- Self-cert 3 year discount 5.75% variable (1.09% off SVR) until 31/03/08 to 85% LTV, fees assisted, no extended tie-in, no arrangement fee, no higher lending charge.
- Buy-to-Let 3 year fixed 5.29% fixed until 31/03/08 to 85% LTV, no extended tie-in, £799 arrangement fee.
Paul Vinnicombe, senior product manager at Bristol & west, said: "Many borrowers are looking for a safe haven until there is a little more certainty over interest rates. Our new range has been designed to provide a number of options for first time buyers and homeowners looking to move or remortgage."
