The society will offer rates starting from 2.20% on residential mortgages until November 2021.
The range of five-year fixed rate residential mortgages for 65-85% loan-to-value (LTV) all come with no product fee and free standard valuations, while remortgage customers will benefit from free legal fees.
|Product Terms||MAX Loan Value||Initial Interest Rate||APR||Max LTV||Product Fee|
|Fixed until 30/11/2021||£750,000||2.20%||3.8%||65%||£0|
|Fixed until 30/11/2021||£650,000||2.30%||3.8%||75%||£0|
|Fixed until 30/11/2021||£350,000||2.60%||4.0%||85%||£0|
Head of regulatory sales, Shaun Middleton, said the rate cuts are a response to growing broker sentiment leaning towards longer-term fixed products for their clients.
He added: “We appreciate that for most people their largest single monthly commitment is their mortgage and these longer-term products will help people to better control their finances.”