A new Flexx mortgage has been introduced which has a number of flexible features including a
three month payment holiday each year, no restrictions on overpayments, and daily interest charges.
The rate is based on a variable rate of 6.49 per cent, and is guaranteed not to be no more than 3 per cent above Bank of England Base Rate for the life of the mortgage. There are no early redemption charges, no arrangement fees, and discounted legal fees for those remortgaging their buy-to-let property.
Other products in the range include a variable rate product with a current initial rate of 5.99 per cent, and a fixed rate product with an initial rate of 5.85 per cent until 30 April 2004.
