Thetwo-year discounted scheme has an initial interest rate of only 4.9% (a discount of 2.34% off the SVR of 7.24% for the first 24 months). It's a daily interest product and the early repayment charges are 1% of the original loan in the first 2 years.
James Gilbourne, Chief Executive of Catholic Building Society said "This highly competitive 2 year discounted scheme allows borrowers to benefit from a low interest rate with no overhanging early repayment charges once the discount expires."
"We are a Society that looks after our borrowers, and includes offering very attractive products and services".
