Mainstream product details
• Headline rate of 3.99%
The product tracks the Bank of England Base Rate and is discounted by 0.51% for 2 years, after which the rate tracks the bank base rate + 1.25% for the life of the loan and is available to all mainstream purchase and remortgage business.
This rate is available up to 90% loan-to-value up to £500,000
No extended redemptions
Buy-to-let product details
• The product tracks the Bank of England Base Rate + 1.35% for the life of the loan (5.85%) and has no ERC’s payable for full or partial redemption.
This rate is available at 85% loan-to-value up to £1m.
Flexible options available
Both these products are available exclusively to PMPA members.
