Users of PMS and Sesame Network members can now access a semi-exclusive three-year tracker product from Scottish Widows Bank.
The product is a three-year Base Rate Tracker with an initial rate of 3.19% (Bank of England Base Rate + 2.69%) for three years (3.9% APR), and then reverts to SVR, (currently 3.99%).
Maximum LTV is 75% for both purchase and remortgage clients and it has a £999 product fee, which can added to the loan. The Early Repayment Charge is 2% of the amount of the mortgage taken out at the outset if repaid in full within the first three years.
Remortgage clients also get a free valuation (up to property value of £1 million) and free use of panel conveyancer or £300 cashback for remortgage.
John Cupis, PMS managing director, said: “Not only is the rate competitive but the inclusion of a range of flexible features and an offsetting option makes the product an attractive proposition for the intermediaries and their clients.””
