The new mortgages include:
• 2 year fixed rate 2.95% (up to 75% LTV) with a fee of £995
• 2 year fixed rate 3.05% (up to 75% LTV) with a fee of £995, free valuation and legal fees
• 3 year fixed rate 3.89% (up to 75% LTV) with a fee of £995
• 3 year fixed rate 3.99% (up to 75% LTV) with a fee of £995, free valuation and legal fees
Homeowners wanting the added benefit of offsetting savings against their mortgage can do so with a competitive range of offset mortgages available with rates just 0.1% higher than above. In addition those with a smaller deposit will also find reductions in the 85% LTV products, which now start at 4.39% for a 2 year fixed rate.
Tom Girling, product manager for mortgages, at the society said: "This is the fourth time we have cut rates this year making mortgages even more affordable for those looking to get onto the property ladder or who are ready to move their mortgage to a new more competitive deal.”
