AA Mortgages adds cut-price loans to fixed range

Money

AA Mortgages has added low rate two- and three-year fixed rate loans to its residential mortgage range.

The range now includes a two-year fix at 1.13 per cent to 60 per cent LTV with a £1,495 product fee and a free valuation.

The lender has also brought in a two-year fix at 1.18 per cent at 75 per cent LTV, also with a free valuation and £1,495 fee.

At 85 per cent LTV the AA is now selling a two-year fix at 1.33 per cent with the same product fee and free valuation offer.

In the three-year camp, the AA is selling a 1.48 per cent loan at 75 per cent LTV with a £995 fee.

Finally, the AA has brought in a three-year fix at 1.78 per cent at 85 per cent LTV, also with a £995 fee.

The AA director of financial services Michael Johnson says: “The latest AA product range is part of our ongoing commitment to help borrowers save on their mortgage, and provide flexibility with a rate leading two- or three-year deal.”

 AA mortgages are provided by Bank of Ireland UK.