Promotion on mortgage lender's near-prime deals

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Financial Services > Mortgages > Mortgages News

Promotion on mortgage lender's near-prime deals

Thu, 12 Jan 2006

First National has announced a promotional deal on its three-year fixed rate near-prime mortgage.

Available from today until February 10th, the mortgage lender offers a fixed mortgage rate of 5.49 per cent on the deal on a maximum loan-to-value of 85 per cent.

For those wishing to borrow up to 90 per cent loan-to-value, a mortgage rate of 6.09 per cent applies.

The mortgage lender designed this mortgage deal particularly for those hoping to find a remortgage or consolidate debt in a bid to reduce expenses, reports Mortgage Introducer.

"It is a time of year when many customers review their financial circumstances and are on the look out for great value deals," the mortgage lender's Gerry Bell, head of mortgage marketing, tells the website.

Reversionary tracker mortgage rates start at 2.24 per cent above the Barclays base rate, the mortgage lender says.

No extended tie-in applies to this mortgage, but a completion fee of £599 is required.

First National is part of GE Money Home Lending.

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