The Lifetime Tracker Mortgage, from Scotland’s largest building society, is open to purchasers, re-mortgagers and first-time buyers alike. It offers a tracked pay-rate of 0.74% above Bank of England’s Base Rate (BBR) for the life of the mortgage.
It features the added incentive of a set ‘capped rate’ until 31st May 2007. This cap guarantees that a customer’s pay rate will not increase above 6.09% during the specified term. After 31st May 2007 there will be no early re-payment charges.
Another feature of this long-term mortgage is the competitive arrangement fee. At just £295 it is less than those of alternative lenders for similar products and can easily be added to the sum of the loan.
Brian Morton, Dunfermline Building Society’s Sales and Marketing Director says: “We understand the long-term needs of our customers at Dunfermline. With our Lifetime Tracker we are catering for people who are not swayed solely by low introductory rates or discount periods. The extended capped rate and simple, yet attractive pricing policy, assures homeowners we have their best interests at heart long into the future.”
The Lifetime Tracker Mortgage is available at any of Dunfermline’s 74 branches and agencies throughout Scotland or from Dunfermline Direct on 0845 601 2218.
