This product offers borrowers the opportunity to take advantage of the lowest interest rates since 1948 for both purchases and remortgages. The mortgage tracks the Bank of England Base Rate minus 0.26% for the first year and Base Rate minus 0.16% for the second year. It then reverts to Base Rate plus 1.50% for the life of the loan.
- No early redemption penalties at any time
- ‘Drop-lock’ facility available – can convert to fixed or capped rate at any time
- Purchases: Loan to value (LTV) up to 95%
- Remortgages: LTV up to 90%
- Arrangement fee: £295
- Interest calculated daily
Commenting on this offer, Mark Harris, Managing Director at SPF, said: “We are delighted to offer this exclusive and highly competitive deal which is available to both potential buyers or those looking to remortgage their existing property. The discounted rate of 3.24% offers one of the lowest rates of its kind on the market and there are no redemption penalties.
“Another great advantage is the built-in flexibility of this product. As a discounted product, clients are linked to the Base Rate which means they will benefit from any interest rate reductions. However, should they require more certainty at a later date, they can drop into a fixed or capped rate at any time.”
For more information call
Savills Private Finance on 0870 900 7762
or visit www.spf.co.uk
