Specialist lender, The Mortgage Business (TMB), has launched a ‘Summer Special’ remortgage product.
The ‘Special allows borrowers to choose either a £400 cashback, or free legals.
The products are available up to 85 per cent loan-to-value (LTV) for self-certification or 95 per cent (LTV) for full status.
Products are available on a 0.79 per cent Base Rate Tracker until 1 September 2003, followed by 1.49 per cent on top of Base for the term of the mortgage
The early redemption penalties are four months interest in year one, three months in year two and two months in year three.
Mark Bergin, sales and marketing director of TMB, said: "Many people choose to remortgage at this time of year as they move house or decide to take advantage of the summer months to build extensions or redesign their gardens. These two products offer clients an ideal way to restructure their finances at lower interest rates. We have even taken care of the upfront fees by giving clients the choice between a free legal package and refunding the valuation fee or £400 cashback."
