New build refresh and revised product dates and codes
On Tuesday 28 March 2017, we’ll be refreshing our mortgage range for new build properties. We’ll be launching a new 60% LTV 2.5 year fixed for new build at 1.39% with £999 product fee. This product offers not just extended time on a fixed rate but importantly comes with a product completion deadline of 29 December 2017, meaning that it can be tailored to customers buying a property that will not complete until this winter. Customers will be offered a free standard valuation plus £250 cashback on completion. Early repayment charges apply.
At the same time we’ll be withdrawing our 2.5 year fixed rate for new build properties at 80% LTV.
Additionally, the charge and benefit end dates and the completion deadlines on our range will move on one month and our fixed rate product codes will be replaced. Full applications on all amended products must be submitted by midnight on Monday 27 March 2017 in order to secure a booking on these products.
For full details of our new range please see the Rate Bulletin (Issue 4) which will be available on our website on Tuesday 28 March 2017.