Astra and PMS offer four-year exclusive

Astra Mortgages and PMS have teamed up to offer a four-year fixed rate exclusive at 5.59%.

The product is available up to 80% LTV with an arrangement fee of £895, which can be added to the loan.

It also includes a free standard valuation. Buyers receive an additional £200 cashback and legal fees are paid for those remortgaging.

Martin Reynolds, corporate manager at PMS, says: “With the continuing uncertainty in the economy and volatility of the money markets having the security of a longer term fixed may be a viable option. We are delighted to be working alongside Astra with this exclusive product.

Stewart Hunter, head of introduced mortgages at Astra, says: “The broker mortgage market needs more long-term fixed rate products at lower rates to bring greater payment stability for borrowers.”