Dunfermline is looking to attract loyal mortgage customers ahead of 'rate-chasers ' with the launch of the straightforward lifetime tracker mortgage.
The lifetime tracker mortgage is open to purchasers, re-mortgagers and first-time buyers alike. It offers a tracked pay-rate of 0.74% above Bank of England's base rate for the life of the mortgage.
It features the added incentive of a set capped rate until May 31 2007. The cap guarantees that a customers pay rate will not increase above 6.09% during the specified term. After May 31 2007 there will be no early re-payment charges.
Another feature of this long-term mortgage is the arrangement fee. At just £295 it is less than those of alternative lenders for similar products and can easily be added to the sum of the loan.
Brian Morton, sales and marketing director, says: “The company understands the long-term needs of its customers. With the lifetime tracker, it is catering for people who are not swayedsolely by low introductory rates or discount periods.
“The extended capped rate and simple, yet attractive pricing policy, assures homeowners Dunfermline has their best interests at heart long into the future. ”