Teachers Building Society has launched a new fee free 1.79% 2 Year Fixed Rate Intermediary Exclusive Remortgage.
Andy Yates, Business Development Manager at Teachers Building Society, said: “This mortgage is available up to 80% LTV, has a competitive rate with no arrangement, application or valuation fee and is aimed at those looking to remortgage.
“Given recent movement in the Bank of England Base rate, people will be looking for the stability of a fixed rate and this new exclusive, coupled with our tailored lending criteria, bespoke underwriting and ability to lend up to five times joint income (subject to affordability), should make it an attractive option.”
2 Year Fixed Rate Mortgage
- A fixed rate of 1.79% for the first 2 years (fixed until 14/11/2019). It then changes to our Standard Variable Rate, which is currently 4.74%, and remains on our variable rate terms for the rest of the mortgage
- The overall cost of comparison is 4.3% APRC
- An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge
- Available for remortgage applications only
To find out more about the range of mortgages available at Teachers Building Society, call 0800 378 669 or visit the website: www.teachersbs.co.uk