Monday, 22 November 2010

Even better re-mortgage deals (no Fees) and now fixed rates

New today from a leading lender:

"In addition to our best selling 2.18% Great Escape Tracker (pay rate now 2.68%) we are widening The Great Escape to include a 75% LTV Tracker, and for those clients who would like to escape from their existing lender but fix their rate straight away, we are launching 2 Year Fixed Rate Great Escape products at 70% and 75% LTV.

All The Great Escape products have the following benefits:
• Free legal work, free valuation and £300 cashback to cover existing lender's exit fee
• No application fee.

The key changes are:

New The Great Escape Products.
2 Year Fixed Rate, 3.28%, £0 fee, 70% LTV, min loan £50k.
2 Year Fixed Rate, 3.48%, £0 fee, 75% LTV, min loan £50k.
Lifetime Tracker, BBBR+2.48% (pay rate now 2.98%), 75% LTV, £0 fee, min loan £50k."

So if you are paying 4.24% to Abbey, 5.99% to Accord, 4.99% to Alliance & Leicester, 4.24% to Britannia, 3.5% to Halifax, 3.94% to HSBC, 4% to Nat West, 4.79% to Northern Rock, 4.99% to Woolwich......................... NOW IS THE TIME TO DO SOMETHING!!

Also worth knowing that the last one of these I did for a client took 11 working days from application until completion!

Best deals are with higher equity, so act now before house price falls may reduce that equity.

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