The new mortgages, which are open to all new and existing customers, come with a free initial valuation. There is an arrangement fee of GBP899 for the two-year fixed-rate mortgage and GBP749 for the three-year fixed-rate mortgage, and both are available for loans up to a maximum of 95% of the property value.
Stephen Bright, head of lending and insurance at Egg, said: A fixed-rate mortgage offers customers certainty allowing them to protect themselves from turmoil in the financial markets. It’s why we’ve launched a competitive, great value product with fixed repayment costs and protection from any further changes in interest rates over the next two or three years. These new fixed-rate products complement our existing range of popular variable rate, flexible and offset mortgages.
