New fixed rates from Scarborough

Scarborough Building Society has launched two new fixed rate products.

First up is a flexible two-year fix at 4.59%, up to a maximum 95% LTV. There is no MIG up to 90% LTV, and a flexible option allowing overpayments, underpayments and payment holidays. Up to 10% capital repayments are allowed in the first two years without penalty.

There is an arrangement fee of £295 and two year early repayment penalty of 5%,then 4% of the sum repaid.

Scarborough has also launched a flexible three-year fix of 4.79% on the same terms, with a redemption penalty of 3% sum repaid in year three.