Mortgage news from Lambeth

Amanda Jarvis

January 16, 2003

The interest rate on its two-year discount mortgage has been reduced from 3.75% to 3.69%. Product features, which remain unchanged, include: no extended tie-ins, or redemption penalties after the first two years; an overpayment option; plus a £95 application fee and £200 reservation fee may be added to the loan on completion.

Lambeth has also launched a two-year fixed rate fees-free remortgage product at 4.38% until 1 February 2005. Available now, its main features are: maximum 75 per cent LTV; no application/reservation fee; no mortgage indemnity guarantee payable; £200 cashback towards solicitor's costs; plus the valuation fee can be refunded on completion.

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