Society Launches Competitive Range of 2 Year Discount Rate Mortgage Products

27 June 2016

low rate remortgage

The Society has launched new two year discount rate purchase and remortgage products, offering highly competitive interest rates for borrowers with 65% Loan to Value (LTV) throughout England and Wales.

The Society’s two year discount rate house purchase mortgage at 1.23% (variable) is available with a maximum LTV of 65%. This mortgage product has a £1,400 product fee which can be added to the loan, and comes with a £150 application fee.

For customers looking to remortgage their property, the Society has launched a new two year discount rate remortgage product at 1.40% (variable), with a 65% LTV. The product comes with a £1,400 product fee which can be added to the loan and free legal fees*.

Both of the Society’s new mortgage products have no early repayment charges, one free standard valuation and are available throughout England and Wales.

Colin Strong, Head of Lending Procurement, commented: “With low mortgage interest rates in the market at the moment, we were keen to launch new mortgage and remortgage products that are tailored to those who are looking for a highly competitive deal for two years. The Society has recently been commended at the 2016 Moneyfacts Awards in the category of ‘Regional Lending Provider of the Year’, demonstrating our ongoing excellence and the quality of our mortgage products and services, and these two new products are proof that the Society is committed to launching attractive mortgage products for customers across England and Wales.”

Further information about the product range including full terms and conditions, can be found here.

*You will not have to pay the usual legal fees in securing your new mortgage if our appointed solicitors are used. Our solicitor acts for the Society only to ensure we have good 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, remedy of any title defect, etc.

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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