Members of the brokerage club can now get the lowest two-year fixed rate deal on the market, a 1.74 per cent mortgage at 60 per cent LTV and £1995 fee.
The new products also include a mortgage at 85 per cent LTV for 3.39 per cent and £995 fee and a 90 per cent LTV deal suitable for first-time buyers. It has 4.49 per cent rate and no fee.
Details of the full range are as follows:
· 1.74% rate and 60% LTV - £1995 fee
· 3.39% rate and 85% LTV - £995 fee
· 4.49% rate and 90% LTV - no fee
· 1.74% rate and 60% LTV - £1995 fee
· 3.39% rate and 85% LTV for remortgaging with a £995 fee
Paul Campion, mortgage adviser at Buckinghamshire-based The Financial Management Group, said: “Where fees are applied, they do seem quite high and to get the lowest rate on the market, you need a very decent deposit and a chunky loan.
“But anything that makes life easier for first-time buyers is welcomed and the rate on the 90 per cent LTV deal is competitive right now.”
