The product comes with a discounted rate of 5.23 per cent to 85 per cent loan-to-value (LTV) or 5.43 per cent to 90 per cent LTV. At the end of the discount period (31/12/08) the mortgage reverts to Bank Base Rate (BBR) + 1.99%. The mortgage has a £799 completion fee, and a 5 per cent early repayment charge (ERC) within the discount period. Thereafter, one months notice or a 1 per cent ERC is required. A 0.5 per cent procuration fee is payable to intermediaries.
The deal also includes free valuations on all packaged cases across the Freedom Lending range until 31 December and free conveyancing is available on all remortgages.
Mel Dring, director of marketing at Freedom Lending, said: “Two-year products remain very popular and this discount has been competitively priced. What’s more, there are no overhanging ERCs and free valuations and legal fees are also on offer. This is a great deal which is available exclusively via Mortgage 2000.”
Nikki Haworth, corporate partnerships manager at Mortgage 2000, said: “We’re delighted to be extending this exclusive self-cert discount with Freedom Lending. With a free valuation provided by Mortgage 2000, not only is it a highly competitive product, Freedom Lending has a reputation for providing a fast and efficient service. I’m sure this deal will be popular with intermediaries.”
