The rate will then revert to 1.24 per cent above BBB for the term of mortgage. The rental cover stands at 125% of pay rate and the product is available up to 85 per cent LTV . There is no extended early repayment charge.
Network Data will pay an enhanced procuration fee of 0.50 per cent for all applications received that subsequently complete.
George Fleming, Network Data’s lender partnerships manager, said: "We are pleased to announce a further enhancement to Capital Home Loan’s product range with the launch of this competitive tracker product. Tracker products are proving popular with our appointed representatives at present who are keen for their clients to benefit from potential interest rate movement in the future."