2yr Tracker, up to 75% LTV with ability to switch to fixed rate just released

(Product is only avaliable for purchase and not remortgage at current time)

Currently 2 year tracker rate mortgage deals are much cheaper than the equivalent 2 year fixed rate mortgage and with set up costs on a par, many people are looking towards the tracker rate deals to save money.

However due to the uncertainty of interest rates, some people are shying away from the cheaper deals and taking the insurance of a guaranteed fixed monthly payment. This can be an expensive insurance against mortgage rate rises.

We can announce today that a UK mortgage lender has brought to market a brand new mortgage deal. You can now have the lower rate tracker deal and after 3 months if you so wish, switch to any fixed rate product offered by the lender without having to pay any redemption penalty. The only fee payable will be a booking or reservation fee which is standard practise for most fixed rate mortgages.

Early repayment charges apply. However, from three months after completion
until the end of any tracker period, you can switch to a fixed rate and pay
no early repayment charge, just pay the product fee for the new deal.
Interest rate reverts to SVR after the fixed rate period, currently 4.00%.

For more information on this mortgage product or  mortgage advice please contact us today 01202 512340, to request a call back from a mortgage adviser. Click on the contact us form and enter your details.