You are here: Home - Remortgage - News -

Penrith launches remortgage at 2.3%

0
Written by:
20/11/2013
Penrith Building Society has introduced a two-year discounted mortgage aimed at borrowers looking to switch deal.

The society is offering a 1.85% discount off its Standard Variable Rate for two years, giving borrowers a pay rate of 2.3%.

After the two-year discounted period, the rate reverts to Penrith’s SVR, currently 4.15%.

The deal, which comes with free legal and valuation fees, is offered up to 75% loan-to-value (LTV) and is only available to remortgage customers.

Product and application fees are £350. Early repayment charges apply in the first two years.

 Amyn Fazal,chief executive of the society, said:

“We are aware that a number of remortgage borrowers reaching the end of their deals or are keen to take advantage of the current low rates are reluctant to fix.

“This new two-year remortgage we feel is competitively and keenly priced and shows up well in the various league tables. Also it shows that we are a local as well as national lender.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2018-2019

Download our guide to the best mortgage lenders in the UK

Read More >

  • RT @StudyUCEM: "...the research underlines the long-term strength of bricks and mortar investment to weather such periods." @Your_Mortgage,…
  • "...the research underlines the long-term strength of bricks and mortar investment to weather such periods."… https://t.co/dGt3LTR66F

Read previous post:
Mortgage lending up 37%

Gross UK mortgage lending has soared to a five-year high and looks set to rise further.

Close