The rate is 4.39% Fixed for 2 years followed by Bank Base Rate + 1.39% for the life of the mortgage, which is collared at 4.39%. The maximum loan is £500,000 and a LTV of 65%. It is available for both purchase and remortgage. For remortgages, there is a free valuation and legal service. There is an arrangement fee of £749 which is paid up-front and completion fee of £50 which is deducted from the advance.
Commenting Martin Reynolds, Corporate Manager at PMS® said “This is an excellent rate for 2 years and the remortgage package offers a low cost transfer option. It is good to see that Building Societies are still prepared to offer competitive products and I would expect this product to be very popular.
