PMS launches exclusive remortgage deal with First Active
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PMS has launched a two-year, fees free exclusive remortgage only product with First Active.
The product is fixed at 5.79% until 31 December 2011 and is available up to 80% LTV. There is no arrangement fee in addition to free valuation and free legal fees, and the early repayment charge is reducing from 2% in year 1 to 1% in year two.
Martin Reynolds, development director at PMS, says: “It is good to see some lenders venturing back into the market with higher LTV’s. This fee’s free product offers excellent value at 80%. I believe that this product should provide a useful addition to the broker’s product options.”
Steve Carruthers, head of corporate accounts at First Active, says: “I am delighted to be able support PMS and its members with this new remortgage deal. Having held regular dialogue with the PMS team about the development of new products it is pleasing to deliver this exclusive deal. We will continue to work closely with our intermediary partners so that we can develop more ideas to help them attract business from existing and new clients.”
Readers' comments (1)
Mortgage Help | 21 May 2010 3:14 pm
The mortgage assistance program is not going to forestall all the foreclosures that had been scheduled to come into effect. However, it would be ceasing those foreclosures which are scheduled to come into effect from last year.
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