There are no redemption penalties at the end of the two-year period. The minimum loan amount is £100,000 and the maximum is £1.5 million. A £499 arrangement fee is payable.
Commenting on the offer, Mark Harris, director at SPF, said: “We believe this is the cheapest ever two-year discount available for up to 95% of a property’s value. This is a fantastic product which is available to both potential buyers and those looking to remortgage their existing property.”