Effective from Sunday 17 July, the bank’s fixed rate mortgage range starts from 4.49 per cent for new customers.
Brian Ewing, head of intermediary sales at IF, said: “Largely there has been a steady fall in swap rates in recent months. This has delivered cost savings to us which are now being reflected in a re-pricing of our fixed rate product range. This new pricing significantly improves our standing in the fixed rate ‘Best Buy’ tables for both two and five-year fixed rate products.”
IF has four fixed rate mortgages which it says gives brokers the flexibility to choose from two or five-year deals and preferred loan-to-value.
The bank has also amended the special rate periods on all offset and tracker rate mortgages with this special rate period now extended, depending on the product type, to 1 October 2007, 1 October 2008 or 1 October 2010.
IF’s tracker rate mortgage range starts at 4.99 per cent and the offset range starts at 5.19 per cent. On the bank’s offset and tracker rate mortgages there are no early repayment charges during the special rate period although the normal mortgage discharge fee applies.
