These new products are competitively priced with headline rates starting from 3.60% and come with flexible features such as offset reserve, payment holidays and an overpayment facility.
Alan Dring, head of sales, comments:
“Our new Freestyle stepped rate mortgages give introducers a greater choice for their clients and offer good long term value. These competitive products will also help introducers generate income and meet clients’ changing needs in the current interest rate climate.
“As interest rates start to rise, flexible mortgages really come into their own. In an uncertain world, our new stepped mortgage combines flexibility and a continuing discount to help your client gain control of their finances.”
The three year stepped discount* offers a 1.40% discount in year one, 0.50% in year two and 0.25% in the final year. The four year stepped discount* offers a 1.5% discount in year one, 0.5% in year two, 0.25% in year three and 0.11% in the final year. The Freestyle stepped range also lets clients choose a product with or without contributions to costs.
*Products have no contributions to costs
