The Scarborough is building on the success of its recent Plasma TV giveaway with another industry first; this time an Apple iMac G5 package.
The UKs second oldest building society is offering a state-of-the-art family computer package with its limited issue MortgagePlus Five-year Flexible Fixed and Five-year Flexible Base Rate Tracker mortgages.
From September 28 until October 29, anyone taking out a MortgagePlus Five-year Flexible Base Rate Tracker or Five-year Flexible Fixed Rate loan worth 50,000 or more will take delivery of a handful of high tech goodies worth up to 2,600 on completion.
The combination of equipment includes an iMac; wireless keyboard; digital camera; email and web access; an iPod with top notch Bose stereo equipment; games and even Microsoft Office software. And everything comes with the added peace of mind of a three-year Applecare engineer and technical support warranty.
This bespoke package has been assembled for the Scarborough by a leading Apple retailer.
This is the second in the Societys series of added value mortgage products which are designed to reward its customers and reflect the Scarboroughs commitment to pack-leading innovation and making mortgages less boring.
The first product in the series was the Plasma Mortgage, with which customers received a 42in SONY plasma television worth around 3,300.
The two MortgagePlus products offer competitive interest rates, flexible features, a refunded valuation fee and 250 cashback making them ideal for re-mortgages.
After the five-year period, the product reverts to the Scarboroughs highly competitive lifetime interest rate deal of Bank of England base rate plus 0.99%(currently 5.49%) indefinitely. MortgagePlus is available both direct and through mortgage intermediaries.
John Carrier, chief executive of Scarborough Building Society, says: “These are exciting times for the Scarborough. We are undergoing a major change programme designed to make us one of the leading mutuals.
“We are a forerunner in many ways, including the products we offer, which is reflected yet again with the launch of our new MortgagePlus deal. I hope that the attractive range of equipment available with these products will enable people to improve the enjoyment of their lives by using a mortgage from Scarborough to obtain something that their family budget may not normally allow.”
Tony Burdin, head of retail strategy, adds: “As a mutual, we are keen to be known for looking after our customers financial needs for life, by offering them long term fair deals.
“However, we are also a forward-thinking, innovative society and like to align ourselves with some of the worlds leading brand names to offer additional incentives from time to time which reward members for doing business with us.
We believe this is a great offer. In addition to a package of equipment worth 2,600, the mortgage comes with a range of fee incentives, our usual high levels of flexibility, plus a rate that starts fair and remains fair.
So, for customers looking to upgrade their home technology kit, they might as well jump on board with us and take up the offer of all this impressive equipment thrown in at the same time.”
Ray Boulger, senior technical manager for John Charcol independent mortgage advisers, says: “With this sort of product, the starting point has to be: do you want all or most of the goods offered?
“If so, then for mortgages at the lower end of the minimum sum required particularly up to 65,000 for the fixed rate product and up to 100,000 for the tracker this represents good value.”