Any applicant taking out one of the new discount rates will get the lower rate for at least 30 months as well as the benefit of having interest calculated daily rather than annually and a free mortgage valuation. Some of the discount rate products also offer the option of £250 cashback or the society’s fasttrack free legal service, the payment of 1% stamp duty (max £2,500) and the flexibility of being able to make early capital repayments of up to 10% of the amount of loan without penalty.
There are also two 3-year discounted mortgages and exclusive rates for people who’ve been a member of the society for 6 months or more. The 5 year fixed rate of 4.89% includes a free valuation, daily interest, flexibility on capital repayments up to 10% and an arrangement fee of £299 (£125 for existing members).
The mortgages are available to all types of borrowers whether first time buyer, home mover or those just wishing to remortgage. Applicants can also take advantage of the society’s online conveyancing service with easier2move.com.
