Society Launches New Range of 2 Year Fixed Rate Mortgage Products

2 February 2015

new home

The Society has launched a new range of two year fixed rate house purchase and remortgage products.

The Society offers a two year fixed rate house purchase mortgage at 2.45%, with a maximum LTV of 80%. The product is available for house purchase throughout England and Wales, with a £995 product fee which can be added to the loan.

The new range also includes a two year fixed rate house purchase mortgage at 3.79% with a maximum LTV of 95%, available in the Society’s local geographical area*, which could be ideal for first-time buyers who may be finding it difficult to save up for a larger deposit.

For those customers looking to switch their mortgage from another lender, the Society has launched a number of fixed rate remortgage products, including a two year fixed rate at 2.95% with an 80% LTV available throughout England and Wales with no product fee; and a two year fixed rate at 3.65% with a 90% LTV available in the Society’s local area only*, also with no product fee.

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

Colin Strong, Head of Lending Procurement, commented: “In response to the changing mortgage landscape, the vast majority of our customers are seeking a fixed rate deal to tie themselves in to so they can budget and safeguard against any future interest rate rises. It’s understandable that, in this low interest market, our customers are the driving force behind our competitive mortgage product range.”

He continued: “The mortgage market is showing some very positive signs for the year ahead, with 2014 proving to be the best year for first time buyers since the downturn in 2007.”

Geographic Restrictions

* The Society's local geographical area is defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS. See individual product information for full terms and conditions

Eligibility

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.

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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