PMS launches discounted deal with ITL
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PMS has launched a two-year discounted deal at 3.79% with no early redemption charges through In The Loop Mortgages.
The product represents a 2.20% discount from the ITL SVR and is available up to 80% LTV for both purchases and remortgages.
It also includes a free valuation on remortgages cases.
It comes with a £99 reservation fee and a £999 product fee, and is available up to a maximum loan size of £500,000.
A 3.5% floor is applicable for the entire term.
Martin Reynolds, development director at PMS, says: “It is great to start the year with such an excellent exclusive.
“ITL has clearly set out its objectives for 2010 with this product.”
Bev Newman, intermediary sales manager at ITL Mortgages, says: “This is our first exclusive with PMS and we are delighted that this product has been so well received by their brokers.
“We acknowledge that in a low interest rate environment borrowers wish to have a product that gives them the flexibility to make unlimited overpayments.
“There is an obvious appetite for this type of product and we are pleased to be able to fulfil this need.”
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Readers' comments (1)
Anonymous | 20 Jan 2010 4:32 pm
No Early Redemption Charges - Is that because they are being paid on the way in by way of the £99 + £999 fees upfront?
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