It is offering two-year fixed rates on db mortgages’ Light, Medium, Heavy and Unlimited ranges, pegged at December 2006 levels. Products are priced at the equivalent of a 0.25 per cent reduction in the db core fixed rate. There is also no increase in the standard arrangement fee of £599.
db’s core fixed rates start from 6.30 per cent for full status, 75 per cent loan-to-value (LTV) loans on its Light scheme. Early repayment charges on db mortgages’ two-year fixed rates are 6 per cent within the product period and there is no Higher Lending Charge.
Helen Hymos, lender relationship manager at PMPA, said: “We are extremely pleased to retain these highly attractive, exclusive fixed rates for our packager members, especially at a time when fixed rates are experiencing increased demand in the marketplace. The PMPA exclusive fixed rates are substantially lower than the db core rate and the PMPA special offer does not entail an increase in the arrangement fee, so this represents extrememly good value for customers.”
