Huge rise in number of cheap five-year fixed-rate mortgages
The Base Rate Tracker Extra will have its mortgage rate set at 0.49 per cent above the Bank of England base rate for the full mortgage term.
No application or completion fees or early repayment charges will apply to the mortgage deal.
Jennifer Holloway, the head of media relations at the mortgage lender, said this mortgage offering is a win-win product for any customer looking to find a mortgage.
She says mortgage borrowers win through the fact that no fees apply to the mortgage and borrowers receive �150 cashback.
Mortgage borrowers also win if the base rate is reduced as monthly payments are lowered, Ms Holloway explains, adding that the absence of early repayment charges and penalties is a further benefit to mortgage holders.
We believe the simplicity of this mortgage is what will make it so attractive to borrowers, she concludes.
A maximum loan-to-value of 95 per cent is available, with remortgage customers receiving free legal fees and valuations on residential property .
Scotland - a dedicated service from mortgagecase.com.
Switching to a different mortgage may sound daunting but could save you money.
Release up to 100% of the surveyed value of your home.
Receive mortgage news, information & notification of interest rate decisions.
None of the information on this website is intended to promote any specific mortgage product or provide mortgage advice.
mortgagecase.com is a non-regulated trading name of .
mortgagecase.com (c) 2011 .
The sphere, with icon, its reflection and mortgagecase.com are trademarks of .