The AA launches range of high LTV fixed mortgages

AA Mortgages, part of the AA, has launched a range of high loan-to-value 2, 3 and 5-year fixed rate mortgages.

The range, targeted at first-time buyers and remortgagors, includes five-year fixed products with free legals and zero standard valuation fees.

The mortgage range includes:

Term LTV Rate Fee Free Val Cashback
5-year 95% 3.99% £0 X £0
2-year 95% 3.82% £0 Yes £400
5-year 90% 2.88% £0 X £0
2-year 90% 2.38% £0 X £0
5-year 85% 2.19% £1495 Yes £0
3-year 85% 1.87% £995 X £0
2-year 85% 1.43% £995 X £0

The mortgage arm of the AA motor association lender, which launched into the market last August, is also offering mortgage customers 15 per cent off AA home insurance, 12 months AA Home Response Plus and AA Central Heating Response Plus coverage on select products. A selection also provides free standard house valuations and £400 cash back.

The AA director of financial services, Michael Johnson says: “The AA is here to help and we are now able to offer a selection of mortgages to suit a variety of buyer needs.

“This competitive range aims to make mortgages simple and straightforward, with options for an array of borrowers – whether it’s those wanting to take their first step onto the property ladder or those simply wanting a better deal by re-mortgaging.”