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Premier Mortgage Services and Halifax

Type: Fixed rate mortgage

Description: PMS and Halifax have launched a new intermediary fixed rate product which will be available for remortgages, first-time buyers and home movers.

Conditions: The product is 6.34 per cent fixed, 7.2 per cent annual percentage rate, until 30 September 2010 for LTVs up to 80 per cent. The remortgage option also offers both a free valuation and legal service. The arrangement fee is £999 which can be added to the loan with early repayment charges within the term of the product. Available through intermediaries only.

Contact: www.premiermortgageservice.co.uk.

Verdict: PMS's partnership with Halifax is a more traditional relationship, with a higher LTV and a more standard £999 fee. The inclusion of free valuation and free legals takes a more packaged approach, compared to the Newcastle's best buy strategy.

Rating: 3/5