It is available up to 80% of property value and there are no extended lock-ins. Penalty-free capital repayments of up to 10% are allowed each year and it is fully portable if borrowers move during the fixed-rate period. Borrowers also get free mortgage payment protection for 6 months
Commenting on the loan, Tony Burdin, head of marketing, said: “With a market leading fixed rate we believe this loan will appeal to many people who want certainty about their mortgage payments over the next five years. The flexibility to repay 10% of capital each year will appeal especially to borrowers who receive regular bonuses.”
