Kim Rebecchi, director of sales & marketing said, "This is a fantastic opportunity for those borrowers who wish to lock into the certainty of low fixed repayments. The product speaks for itself and delivers peace of mind and security, over a large part of a typical mortgage life, at a very affordable rate.
"There is no higher lending charge and customers can pay off 10% of capital each year, without penalty. The product is also fully portable should a borrower move home providing even further flexibility."
The rate of 4.75% is available up to 60% loan to value. There is also a version available up to 75% loan to value at 5.25%. Both versions allow 10% capital repayments each year, have no higher lending charge and a fee of £749.
Kim added "In these uncertain times with historically low interest rates, many clients will welcome the ability to budget and limit their monthly outgoings, particularly existing mortgage customers who may be coming to the end of their current deal.”
