With much hype and numerous conflicting economic reviews and predictions about interest rate rises, this can be a very worrying time for the homebuyer, and even more so for the first time buyer, said B& W.
B&W Mortgages has addressed these concerns by providing a selection of long term mortgages to provide surety during this uncertain period.
Bristol & West Mortgages new Prime Mortgage range includes a best rate five year fixed rate mortgage and five year capped rate mortgage while the Buy-to-let range boasts a five year fixed rate mortgage
The 5 year fixed rate at 5.19 per cent until 30.09.2007, up to 95 per cent LTV and no extended tie-in.
B&W is also launching a 5 year capped rate at 4.89 per cent(variable) equal to a 1.06 per cent discount off SVR until 30.09.07. Capped at 5 per cent to 30 September 2004, then 4 per cent until 30 September 2006 and 3 per cent until 30 September 2007.
The last launch is a 5 year fixed Buy-to-let mortgage at 5.59 per cent until 30 September 2007, up to 85 per cent LTV with no extended tie-in.
Neena Kithoray, Senior Product Manager Bristol & West Mortgages said: “Bristol & West Mortgages recognise how difficult it can be for homebuyers during this uncertain period. We felt that as a responsible lender, we should provide a selection of mortgage products that would offer peace of mind to our customers. We believe our new products do this.”
