The proposed new range provides competitive interest rates over fixed terms of two, three, five, seven, 10, 15 or 25 years to suit different circumstances; fixed rates from 5.54% and fixed, affordable arrangement fees from GBP595.
Ella Bowles, manager of mortgage products at Scarborough, said: Record numbers of people are due to come off fixed rate mortgage deals this year, and will be looking to balance their budgets. Therefore, we felt it was important to provide them with cost effective alternative products which offer the certainty of guaranteed payments over whatever term they are comfortable with.
