Scot Prov mortgage club gets exclusive B&W and Woolwich deals

Scottish Provident&#39s mortgage club, The Mortgage Alliance, has negotiated two exclusive deals for its members from The Woolwich and Bristol & West.

The two-year tracker deal from The Woolwich is available on its Openplan Flexible Mortgage with a special initial rate of 3.55%. At the end of the two-year period the rate reverts to Barclays Bank base rate of plus 0.99%. The offer is up to 95% LTV and 90% on remortgages.

The exclusive deal from Bristol & West Mortgages offers a standard variable rate of 4%, which 0.25% above base rate for 48 months then 1.75% above base for the rest of the term with no extended tie-in.

The special rate open to first-time buyers, is available on loans starting at £15,001, from £25,001 for remortgages, up to a maximum of £999,999.

The deal, includes a free mortgage valuation report and free legals for remortgages package via Legal Marketing Services.

Mark Evans, national mortgage manager, says: “These latest deals represent some of the best rates around for members to offer their clients whether they are buying or remortgaging. There are limited funds available and the company expects them to be popular.”