The discounts on the 14 month basis are up to 2 per cent, and the stepped discounts are available with an initial discount up to 1.75 per cent.
Peter Beaumont, sales & marketing director at Mortgages plc, explains the enhancements: “We have had these developments planned for some time, as we felt it was increasingly important to offer a varied approach. I’m sure the stepped discount products will be particularly popular, as they remove the overhang period that traditionally exists when the discount period lapses. We are working on a number of other product enhancements and expect to be making further announcement over the coming months”
The revision to the discounts also compliments Mortgages plc’s free legal initiative available on all remortgage applications using Goldsmith Williams that are received by 31st October 2004.
