Sesame, PMS in fixed-rate launch with Skipton

Adviser network Sesame and its sister company PMS have launched two exclusive fixed-rate mortgage products for their members in association with Skipton Building Society. Both products offer £1000 cashback.

A two-year fixed-rate product is available at 2.98 per cent for loan to value up to 75 per cent. A two-year fixed-rate product with a maximum LTV of 85 per cent is also available at 3.88 per cent. Both deals come with £1000 cashback and a £499 fee.

Robert McCoy, senior product and communications manager at parent company Sesame Bankhall Group, said: “The £1000 cashback is among the highest available.”

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Key features

• Maximum LTV of 75% at 2.98% until 30/9/2015

• Maximum LTV of 85% at 3.88% until 30/9/2015

• £1000 cashback, no booking fee, £499 completion fee

• Free standard valuation, free legal fees for remortgages

IFA verdict:

“These appear to be good deals, but they are very much restricted to these networks and I am not a member. I can get a two-year fixed at 2.38 per cent without the £1000 cashback, so these rates are competitive in a market where lenders are re-pricing every three or four weeks.”