Full speed ahead for AA mortgage proposition

Ryan Fowler

August 23, 2016

AA

Breakdown and recovery giant AA has completed its long awaited launch in to the mortgage market offering fee-free mortgages to its breakdown cover customers.

The AA will initially be offering five deals fixed between two and 5-years with rates between 2.08% and 2.67%.

AA members will also be given 12 months home emergency and central heating emergency repair cover alongside a 15% discount on the providers home insurance products.

City house price inflation slows

Michael Johnson, AA financial services director, said: “We know lots of our members are currently sat on expensive mortgage deals spending far more than they need to, but a combination of high fees and a lack of information are stopping them from switching to a better deal.

“This mortgage range has been developed to respond to the needs of our members by removing hidden costs and providing simple, straightforward information, to reduce the hassle of re-mortgaging or buying a home.

“The AA is committed to being the pre-eminent membership organisation in the UK and a mortgage offer for members will help achieve that.”

The launch comes a year after the AA announced its partnership with Bank of Ireland’s UK division and now adds mortgages to other financial services which include credit cards, insurance,  savings accounts, cash Isas and personal loans.