The new product range caters for a variety of different borrowing needs. For instance, the 4.49% (APR 5.9%) is a fee’s free product. As an alternative the 4.79% (APR 5.9%) offers free standard valuation and legal fees (on properties up to £500k and for remortgages in England & Wales) or £300 cashback (for remortgages in Scotland & N. Ireland and house purchase applications).
Both products are available at 80% LTV.
The products are available on a semi-exclusive basis through Legal & General, Openwork, First Complete, Intrinsic, Positive Solutions and Brilliant Solutions.
Steven Marks, intermediary services executive at NBS, said: “The mortgage marketplace, especially in the current low interest rate environment, requires choice and flexibility.
“Two year fixed-rate products in particular are proving popular as they give borrowers peace of mind but not a long term tie in. Additionally, with our range including both a no ERC charge and fees free product, they offer the competitive flexible features that borrowers now need to allow them a little extra freedom.”
