The five year product stands at a rate of 2.89% (4.9%) and comes with a £199 reservation fee but no completion fee. This is available to those borrowers with a larger deposit as it has a max LTV of 80% so is perhaps ideal for brokers’ remortgage customers.
Secondly, the 10-year product comes at a rate of 3.85% (4.6%) and is fees free. Again this is available at a max LTV of 80% and is suited to borrowers who want longer-term reassurance of their monthly mortgage payments.
Steven Marks, Corporate Development Executive, said: “Our products are competitive given the low or fees free status. We’ve found that fixed rate products are still very popular with borrowers that prefer to have the comfort in knowing their mortgage payments won’t change. What is also great is that the 10 year product only comes with early repayment charges within the first five years, meaning after this time brokers’ clients have the flexibility to port their mortgage should they decide to move home.”
These products are available through NBSIS’ key accounts Legal & General, Openwork, PINK, First Complete, Intrinsic, Positive Solutions and Brilliant Solutions, Sesame, PMS and TMA.
