As remortgaging accounted for 50% of all UK lending in March 2003, the Scarborough has developed its portfolio to make it easier and more accessible to transfer a mortgage. Offering an open and honest approach to financial services, Scarborough provides face-to-face customer service through its network of local branches and clear advice on a competitive range of remortgage products through its Direct Mortgage Centre (08705 133 149).
The Flexible Base Rate Tracker mortgage tracks the Bank of England base rate, plus 0.64% for the life of the loan and offers customers refunded valuation fees. It currently features a charge rate of 4.39% and offers £250 moneyback to help cover any legal fees. With no arrangement fees and no redemption charge, it provides the borrower with a low cost way of switching their mortgage for a better offer.
There’s also a Flexible Lifetime Discount mortgage that has a current rate of 4.40% which represents a 1.44% discount for the term of the loan. There is a £240 arrangement fee but with a refunded valuation fee and no redemption charge.
Scarborough has also developed a range of short and long-term fixed rate offerings with moneyback for those who require a greater level of payment security and a lump sum to invest. With three, five and ten year fixed rates available and attractive tax free moneyback elements from 3% -10% it is ideal for borrowers wanting to save money and raise some capital. The flexible three year fix offers a fixed rate of 5.59% for three years, the five year offers a rate of 5.89% and there is a rate of 6.29% on the 10 year mortgage.
The Scarborough Building Society’s philosophy for mortgages is straightforward - to make your home loan more affordable. To achieve this we offer a comprehensive range of short and long term arrangements enabling all of our Mortgage customers to balance their budgets when buying a home, re-mortgaging or even buying to let.
Customers can find out more about Scarborough Building Society’s range of remortgage packages by phoning direct on 08705133 149 or by visiting their local branch, listed at www.scarboroughbs.co.uk.
