Hedge your bets with Savills

Borrowers have the option of splitting their mortgage in any proportion between a two-year 3.85% fixed-rate loan and a two-year tracker at 0.15% below the base rate (current pay rate 3.85%).

Commenting on this offer, Mark Harris, director at SPF, said: “If the MPC members can’t decide whether to cut interest rates or keep them at the current level, how are potential borrowers meant to decide whether to fix their mortgage now or take a gamble that rates will fall further with a discounted or tracker mortgage. Our new deal gives them the chance to hedge their bets with a split between a tracker mortgage to benefit from any future falls and a market-leading fixed rate if base rates start to rise.”

The products are available for both new purchases and remortgages. There is an arrangement fee of £399 and with no redemption fees at the end of the two-year term.