The new product has a 1.55% discount for the first two years and has no fees attached whatsoever.
Commenting about the new product Sean Scannell said, “This product offers borrowers the opportunity to save money up front with no fees making it the ideal mortgage for those looking to remortgage onto a better rate”.
Details of the new 2-year Fee Free Discount Mortgage are shown below:
Interest Rate Discount Rate and Period Maximum Loan to Value
Arrangement Fee Admin Fee Min/Max Loan Early Repayment Charge No Legal Fees or £200 contribution+ 4.94%
(Typical APR 6.5% variable) 1.55% for the first two years 95% NIL NIL £25,000/ £1,000,000 3% for 2 years.
