Society Revamps its 2 Year Fixed Rate Mortgage Products

1 December 2014

2 year fixed mortgages

The Society has launched a new range of two year fixed rate house purchase and remortgage products which offer competitive interest rates and up to 95% loan to value (LTV) in selected areas*.

The Society offers a two year fixed rate house purchase mortgage at 2.25%, with a maximum LTV of 60%. The product is available for house purchase throughout England and Wales, with a £499 product fee which can be added to the loan.

The new range also includes a two year fixed rate mortgage at 3.79% with a maximum LTV of 95%, available in the Society’s local geographical area, which is 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 2.70% with an 80% LTV available throughout England and Wales with no product fee and free legal fees†; 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 and free legal fees.

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

Colin Strong, Head of Lending Procurement, commented: “The Society has achieved unprecedented success with its previous fixed rate product launches, with more and more of our customers seeking a fixed rate deal. In response to customer demand, we have revamped our fixed rate products to further support first-time buyers and those looking to remortgage.”

He continued, “The Society’s comprehensive range of competitive fixed rate products demonstrates our commitment to providing mortgage products that allow borrowers to better budget during fixed term periods and to protect themselves against any potential rate increases.”

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.

Legal Fees

† 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 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).

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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