The new products include 2, 3 and 5-year fixed rates up to 90% LTV, with a choice of fee options to suit borrowers’ individual circumstances – whether they prefer to minimise the upfront cost or would rather pay more at the outset in return for a lower rate over the product term.
The society’s existing 2-year fixed rate product at 85% and its 3 and 5-year fixes at 90% are being withdrawn and replaced with rates which are up to 0.20% lower.
Key product features:
2-year fixed rates with application fee of £195 and no completion fee
To 80% LTV: interest rate 4.49%;
To 85% LTV: interest rate 4.99%;
To 90% LTV: interest rate 6.19%.
2-year fixed rate with £195 application fee and £995 completion fee
To 85% LTV: interest rate 4.79%.
3-year fixed rates with application fee of £195 and no completion fee
To 90% LTV: interest rate 6.39%;
ERC: 5,4,3% of capital repaid, plus interest to the end of the month, until 31/5/14.
3-year fixed rate with £195 application fee and £995 completion fee
To 90% LTV: interest rate 6.19%.
5-year fixed rate with application fee of £195 and no completion fee
To 90% LTV: interest rate 6.49%;
ERC: 5,4,3,2,1% of capital repaid, plus interest to the end of the month, until 31/5/16.
5-year fixed rate with £195 application fee and £995 completion fee
To 90% LTV: interest rate 6.29%.
