The best of both - fixed and tracker!
Published ¤ 04/09/2011 15:19:54
Do you want the secutiry of a 5 year fixed rate, but don't want to miss out on extraordinarily low tracker rates? Then this deal is just up your street.
Accord Mortgages have a 5 year deal that tracks Bank of England base rate plus 1.69% for 2 years, followed by a 3 year fixed rate of 3.39% - the best fixed and tracker mortgage on the market.
This phenomenal rate provides the best of both worlds: enjoy the benefits of a very low 2.19% tracker rate for the first two years, while interest rates are expected to remain low, but then fix your mortgage for a further 3 years at an extremely low rate of only 3.39%. This is one of the best mortgage rates currently available.
Paul Skinner, managing director of Hampshire based indpendent mortgage broker PKS, commented "This 'hybrid' mortgage deal provides security in the long term, whilst offering a very low tracker rate in the first 2 years.
"For anyone that is worried about miising out on low tracker rates over the next two years, but would like the security of a 5 year fixed rate, then this is the perfect scheme.
"Of course, in today's environment, with tightened mortgage criteria, it is still essential to seek independent mortgage advice, since being refused a mortgage could seriously affect any chances of obtaining the right finance."
If you want to discuss your requirements in detail, then PKS offer a FREE initial consultation. Just call 0845 226 5009, or click here to send a message, and someone will contact you.
Rates correct at time of publication.
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