The mortgage tracks the Bank of England Base Rate plus 0.15% for three years and then reverts to Base Rate plus 1.00% for the life of the loan.
Commenting on this offer, Mark Harris, Managing Director at SPF, said: “With interest rates left on hold by the MPC last week and expectations of a further rate cut still in the pipeline, trackers are looking increasingly attractive. We are delighted to offer this exclusive and highly competitive deal to clients to take advantage of potential falls in rates in the future. This product will also benefit clients who are looking to remortgage, as it has the added bonus of free legal fees.”
