We’re pleased to share the launch of a new two-year discounted remortgage product, available now at a rate of 4.81%.
Product details
The product is available up to 80% loan-to-value (LTV) and comes with a £250 legal contribution, no booking fee, and a £999 arrangement fee. It’s designed specifically for remortgage cases and includes early repayment charges of 2% in year one and 1% in year two.
Previously priced at 5.06%, the rate was reduced to 4.81% in line with a recent cut to our Standard Variable Rate (SVR), which took effect on 1st July.
This new remortgage product is available via our expanded fee-assisted remortgage service, which we’ve enhanced following our partnership with digital property settlement platform PEXA and remortgage specialists Optima Legal.
The service allows brokers to benefit from a more efficient, streamlined remortgage process, powered by PEXA’s eConveyancing technology and delivered through Optima Legal. First introduced at the end of last year, the service has now been broadened to support more brokers and clients.
The launch follows our involvement in the UK’s first fully digital property purchase, which completed last month using PEXA’s platform with Hinckley & Rugby acting as the lender.
Laura Sneddon, Head of Mortgage Sales & Distribution said:
“This new discounted remortgage product is designed to give brokers a simple, good-value option for clients looking to switch deals. With no booking fee, a £250 legal contribution and a strong rate, it helps reduce upfront costs and makes the process that bit easier.
“We know remortgages can be held up by delays in the legal process, which is frustrating for everyone. That’s why we’ve partnered with PEXA and Optima Legal to offer a faster, more transparent way of getting cases over the line. Clients can track their case online, brokers get fewer chasing calls, and the whole application runs more smoothly.”
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Speak to us
Our dedicated Business Development team will be happy to speak to you about any cases you have, explain how our specialist products and flexible criteria can benefit your clients, or answer any questions you have. Get in touch on 01455 894 084. Or send us a message on our Live Chat, our response time is often only seconds!
Please note product details and criteria are correct at launch and are subject to change.
