Furthermore, the fee is only £199, there is no higher lending charge, free in house legal services for remortgages and 10% capital repayments are allowed each year, without penalty.
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, combined with the flexibility of 10% capital repayments each year at a very affordable rate. The mortgage is also fully portable should a borrower wish to move home."
The rate of 4.75% is available up to 75% loan to value. There is also a version available up to 85% loan to value at only 5.25%, which at that level of loan to value is market leading, with exactly the same flexibility.
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.
"We now have both 5 and 10-year fixed rates at only 4.75% available through our 68 strong branch network, where we have fully qualified mortgage advisers to discuss individual customer needs. We know this product will be extremely popular and, therefore, I would urge borrowers to act quickly to avoid disappointment."
