Wednesday 18th October 2006
Internet bank smile has added new fixed-rate and tracker packages to its portfolio of mortgages.
The mortgages have a two-year introductory rate of 5.34 per cent for the fixed-rate mortgage and 4.79 per cent for the tracker.
John Barker, head of mortgages at smile, said: "Both new products offer customers competitive rates and peace of mind that their rate will remain either fixed, or close to the base rate for the initial period of the loan."
"There is likely to be an increase in demand for good value fixed rates and closely linked tracker products," he added.
The bank claims that the mortgages, with no legal or valuation fees and no higher lending charges, are perfect for first time buyers or for those moving house.
Both packages are provided by the Co-operative Bank, which offers a free home energy assessment as part of the deal and will make an annual donation to Climate Care for the duration of the lending.
The Co-operative financial services group says it serves over seven million customers and manages assets of £30 billion.
©
Request FREE brochures from leading Real Estate Agents on properties abroad.
Enter your details once and we'll search over 15 online insurers.
Compare the Buy to Let Mortgage market with one simple quote form.
Powered by The Money Centre
Read the Know Your Money First Time Buyer guide to help you make the right choice for your new home.
Speak to an FSA regulated impartial mortgage advisor to discuss your mortgage options.
Read the Know Your Money Buy to Let guide to help you make the right choice for your new investment.
