BoS enhances product range
The product details:
– Two-year tracker at a rate of 3.99 per cent (Bank base rate -0.51 per cent to 30 June 2008). This rate is available to maximum loan sizes of £2 million.
The same rate is also to be offered with Bank of Scotland's fees free remortgage service to 75 per cent LTV and for maximum loans of £1 million.
– Two-year tracker rate of 4.25 per cent (Bank base rate -0.25% to 30 June 2008). Again the rate is available to maximum loan sizes of £2 million, and is also offered with the remortgage service to 75 per cent LTV with a maximum loan of £1 million.
Charles Haresnape, managing director of Bank of Scotland Mortgages, said: “Spring is the time when the housing market starts to gather pace, so at this time of year especially intermediaries need a range of competitive rates available to them. These new products will only be available for a limited period and are designed to allow brokers to maximise the current opportunities presented by the increase in home buying activity.”