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: ''The 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.''
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%.