The 10-year fixed-rate product is available from only 5.59% up to 90% loan to value, with a fixed fee and no higher lending charge. The five-year fixed-rate mortgage is available from 5.64%, while the three-year fixed-rate mortgage is available from 5.65%. Both the three- and five-year products are available from 75% loan to value, allow 10% capital repayments each year without notice or penalty, and have no higher lending charge.
All fee-free versions benefit from a free valuation up to GBP335, free in-house legal services for remortgages and no higher lending charge.
Karen Wint, head of marketing and PR said: Certainty of mortgage repayments at a rate that is below bank base is excellent value. We have designed these products specifically to provide the peace of mind associated with fixed payments at an affordable rate over a period to suit each customer, combined with the flexibility of 10% capital repayments each year, without penalty.
In addition, all the products are fully portable, so if customers do wish to move during the term they can take this product with them. Furthermore, there is also a fee-free version available for customers looking to minimize upfront costs.
