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Savills launches exclusive tracker product

Savills Private Finance has launched a new exclusive tracker product funded by Halifax with a current pay rate of 4.14%.

Available to those purchasing a new home and also first time buyers, the product tracks the Bank of England base rate plus 0.11%, until October 31 2006.

It has no early redemption penalties at any time, a £549 arrangement fee, available for loans up to 75% of property value, maximum loan size £2,000,000, with interest calculated daily.

Simon Jones, director at SPF, says: &#39&#39The pay rate of 4.14% is one of the lowest of its kind in the market and there are no redemption penalties at any time.&#39&#39

For those looking to remortgage, SPF has on offer another exclusive tracker product through the same lender which tracks the Bank of England base rate plus 0.09% until October 31 2006 – current pay rate 4.34%.

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