Karen Wint, general manager marketing & customer services said, "We know that many customers like the ability to budget through guaranteed monthly payments. This product is simple, straightforward and offers outstanding value with excellent peace of mind.
"With many mortgage customers coming out of a fixed rate in 2008 the opportunity to fix the cost of the biggest monthly outgoing will be welcomed. This, combined with the flexibility of 10% capital repayments each year without penalty, should prove popular with households looking to control their expenditure."
