The first deal is a 2.24% discount off the standard variable rate for 24 months (which makes the rate currently payable just 3.55%). This is then followed by a 0.45% discount for a further 12 months. There is no arrangement fee, a free standard valuation and free legal fees for remortgaging.
The second deal is a 3-year fixed rate of 4.25%. There is a £150 arrangement fee but the free valuation and legal fees for remortgaging still apply. The third deal is a 5-year fixed rate at 4.59%. Along with the free valuation and legal fees for remortgaging, there is a £299 arrangement fee.
Andy Clarke, Development Director at Millfield Partnership Limited, said, "We are delighted to be able to offer these preferred mortgage products from a high street lender to Millfield's clients. Each mortgage is right for a different type of customer but they have a quick decision process and no extended tie ins which makes them all highly competitive in the current market. Customers who are thinking of remortgaging may also want to consider these mortgages as they offer a free standard valuation and legal fees."
Borrowers will receive a decision in six minutes as it is all done online. Customers need to make an appointment with a Millfield adviser and visit them at their offices where the online decision will then be made.