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Home > Mortgages > Mortgage Products

By Marc Shoffman | Published Oct 04, 2012

Mortgage providers offer two-year deals

Precise Mortgages, Virgin Money and NatWest Intermediary Solutions have claimed they were supporting homebuyers looking for certainty and more value in their mortgage payments.

Precise Mortgages two-year fixed rate

Charges: 3.49 per cent and £995 fee

Loan-to-value: up to 80 per cent

Virgin Money two-year fixed rate

Charges: 3.35 per cent and no fee

LTV: Up to 70 per cent

NatWest Intermediary Solutions two-year fixed-rate

Charges: 2.85 per cent and £995 fee

LTV: 60 per cent

IFA Verdict:

Jane King, adviser for London-based Ash-Ridge, said Precise was a “generous lender” but said some products were only available for certain postcodes in the south of England. She said the NatWest product had a good rate but she would be put off by the “chunky fee”.

Ms King said she would recommend the Virgin Money product. She added: “This is another lender trying to take the least-risky business with good rates for low LTVs. Rates are good and the option for fee-free rate is always good news for applicants with smaller mortgages.”

However she warned the attractiveness of each of the products would come down to the affordability criteria used.

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