Available to those purchasing a new home and also first time buyers, the product tracks the Bank of England Base Rate plus 0.11%, until 31 October 2006.
No early redemption penalties at any time
£549 arrangement fee
Available for loans up to 75% of property value
Maximum loan size £2,000,000
Interest calculated daily
Commenting on this offer, Simon Jones, Director at SPF said:
‘‘We are delighted to offer this exclusive and highly competitive deal. The pay rate of 4.14% is one of the lowest of its kind in the market and there are no redemption penalties at any time.’’
For those looking to remortgage, SPF has on offer another exclusive tracker product through the same lender which tracks the Bank of England Base Rate plus 0.09% until 31 October 2006 – current pay rate 4.34%.
No extended redemption penalties
£499 arrangement fee
Available for loans up to 75% of property value
Interest calculated daily
Minimum loan size £150,000, maximum £2,000,000
