B&W launches discount product
The product has a £499 arrangement fee to 85 per cent loan-to-value (LTV) and maintains B&W's position in the face of very aggressive pricing in the current mortgage market.
Mark Howell, head of marketing at Bristol & West Mortgages, said: “This market leading product once again demonstrates our commitment to the intermediary market. This product will be particularly attractive to people looking for a low pay rate with a sensible arrangement fee, and offers no ERCs beyond the promotional period.
“We've noticed that the demand for discount products has grown in recent times and with a stable Bank of England base rate, discounts represent an excellent opportunity for clients, particularly as fixed rates are under pressure from money market rates.”
4.19 per cent discount for two years
SVR -2.4 per cent to 31 July 2008
£499 arrangement fee
2 per cent ERC to 31 July 2008