The new products all include a 'Choices Option', which allows borrowers to choose whether they pay more or less each month or take a payment holiday.
The range includes a 100 per cent loan, fixed at 5.99 per cent until 3 March 2007, with no redemption overhang. The loan is open to first time buyers at 102 per cent loan to value (LTV) and to other borrowers at 105 per cent LTV Redemption penalties are set at six months interest at the standard
variable rate until 3 March 2007.
Other products in the range include a self-cert mortgage with a fixed rate of 5.79 per cent until 3 March 2005. The product is available up to 90 per cent LTV with redemption terms of six months interest at the standard variable rate until the end of the fixed rate period.
