BoS launches tracker rates
The products are intended to provide intermediaries with competitive products to offer clients going into the year's key home buying season.
– Two-year Tracker at a rate of 3.99% (Bank Base Rate 0.51% to 30th 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% LTV and for maximum loans of £1 million.
– Two-year Tracker rate of 4.25% (Bank Base Rate 0.25% to 30th June 2008). Again the rate is available to maximum loan sizes of £2 million, and is also offered with the Remortgage Service to 75% 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.