This follows the revelation by the Council of Mortgage Lenders last week that the proportion of new mortgage business being lent at fixed rates declined in January to 26%. An increase in swap rates and long-term lending has led to fixed rates becoming more expensive, and in today’s rate-driven environment borrowers are keen to shop around for the best rates in the market.
Bristol & West Mortgages realised that in the early years of repayments, money can be a little tight. For this reason, the two-year discount is perfect for those people who need to keep initial repayments low. This mortgage has other features and benefits including:
- Free valuation and
- Free legals for remortagers
- Available up to 95% LTV
- Suitable for both purchasers remortgagers
According to Senior Product Manager, Neena Kithoray, “Bristol & West Mortgages are delighted to offer this two-year discount mortgage at such a competitive rate. It is among the lowest in the market and is particularly suitable for those customers requiring low initial rates of pay.”
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
