The deal, available through all good mortgage clubs and networks, offers free valuation and payment of legal fees when a Mortgage Express solicitor panel is used. Additionally, there is no completion fee on these products.
For a typical remortgage this deal equates to a saving of approximately £920.
The deal offers an initial tracker rate of 4.99%, which is 0.51% discount on Mortgage Express’ normal variable rate, bank base rate + 1.75%. It is available for either a 3 or 5 year period, which is tied in for 3 and 5 years respectively.
Tim Sturley, head of business development at Mortgage Express, says ‘‘We are pleased to offer this deal to our customers. It means that investors, such as those with portfolios, can remortgage an unlimited number of properties, worth no more than £2 million – at no cost’’.
‘‘Intermediaries can now give their customers a much better deal, with no extra hassle - we will take care of valuation and solicitor’’ he adds.
Mortgage Express is the UK’s biggest Buy-to-Let lender and winner of numerous industry awards including Best Buy-to-Let in the 2003 Mortgage Strategy Awards and Best Buy-to-Let in the 2003 Mortgage Introducer Awards.
