PMS launches tracker at 3.19%
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PMS has a three-year tracker at 3.19%, or Bank of England base rate plus 2.69%, which is available to users of PMS and Sesame network members.
The product is from Scottish Widows Bank and is available up to 75% LTV for purchases and remortgages.
It comes with a £999 fee which can be added to the loan and includes free valuation for remortgages up to £1m, free use of a panel conveyancer or £300 cashback.
The current revert rate is 3.99%.
John Cupis, managing director of PMS, says: “We are delighted that Scottish Widows Bank has been able to design this product for us.
“Not only is the rate competitive but the inclusion of a range of flexible features and an offsetting option makes the product an attractive proposition for brokers and their clients.”
Gordon Bowden, sales and marketing director at Scottish Widows Bank, says: “I’m delighted we’re working with PMS and Sesame to offer this three-year tracker mortgage product.
“The product flexibility including offset and the mortgage reserve account enables customers to have total control over their finances.”
