The new range, available from today, includes a 2-year fixed rate deal that has been cut from 5.75% to 5.25%. There are also new 3-year fixed rate options available, beginning at 5.99% at 80% LTV, rising to 6.49% up to 90% LTV. There is a £999 completion fee up to £500,000, and over £500,000 the fee will be 1% of the loan amount.
The new suite of 3-year products provide customers with a choice between a smaller fee, or larger fee options for those who wish to keep payments low. There is no higher lending charge on any of the new 2 or 3-year products. A number of the deals also provide a free valuation up to £335 and allow 10% capital repayments each year, without penalty.
All fee-free versions also benefit from free in-house legal services for remortgages and no higher lending charge. The products are also fully portable, so if customers do wish to move during the term they can take the mortgage with them.
Karen Wint, general manager marketing & customer services said, "We have cut rates across our fixed rate mortgage range and this new suite of products deliver outstanding value to both new and existing customers.
"There are currently many reports in the media saying the best mortgage deals are only available to those with large deposits, however we are offering very competitive deals to those with only a 10% deposit.
