Both are fixed to 1st January 2005, with rates of 3.99% (up to 75% LTV) or 4.19% (up to 95% LTV). There are no early repayment penalties on either product. Income multiples are 3.75 + 1 or 3 x joint and the product is higher lending charge free up to 90% LTV.
Commenting on the mortgage offers, Gina Collman, head of corporate communications at GMAC-RFC, said: "Fixed rate deals continue to be in demand for borrowers who are keen to be able to fix their mortgage rate so that they can manage their outgoings and budget for repayments. By adding in a no early repayment charge tail, we're also giving those clients the comfort of knowing that they have the flexibility to reassess their options at the end of the fixed rate term."
Both rates carry an introducer payment of 0.35%.
