Society Launches Range of Five Year Fixed Rate Mortgage Products

18 March 2014 The Society launches a new range of five year fixed rate house purchase and remortgage products just in time for spring.

House Purchase

The new house purchase product range is suitable for first-time buyers and other home buyers, offering competitive interest rates and up to 95% loan to value (LTV) in selected geographical areas*.

The Society offers a five year fixed rate house purchase mortgage (F222) with a maximum loan-to-value of 80% which is available for house purchase across England and Wales, with a £995 product fee which can be added to the loan.

The range of new products also includes a 95% LTV five year fixed rate mortgage (F225) with no product fee which is ideal for first-time buyers who may be finding it difficult to save up for a larger deposit. Full information about the product range can be found here.

Remortgage

For those customers looking to switch their mortgage from another lender, the Society has also launched a range of competitive five year fixed rate remortgage products, up to 90% LTV, and all with no product fees and free standard valuation and legal fees**. The product range includes a five year fixed rate (F226) with a 65% LTV available throughout England and Wales, and a 90% LTV product with a five year fixed rate (F230) available in local areas only. Full details on all remortgage products can be found here.

Loans available to persons aged 18 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.

*Our local geographical area is defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS.

**You will not have to pay the usual legal fees if our appointed solicitors are used. Our solicitor acts for the Society only to ensure we have goof legal claim over your property. (You will have to pay for any additional legal work that the solicitors do which is beyond the usual scope of a simple remortgage, for example, change of your name, transfers of equity, deeds of postponement, merger of freehold and leasehold).

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.

 
 


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