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Mortgage Next launches remortgage range

Mortgage Next has launched a range of two-year fixed rate and tracker remortgage products.

The products are available both to appointed representatives of the Mortgage Next network and directly authorised brokers via Mortgage Next Partners.

The two-year fixed products come with a choice of rates starting at 5.19% with a 999 arrangement fee, 5.39% with a 499 fee or 5.59% with no fee.

The two-year tracker products are based on Bank of Scotland base rate.

Borrowers have three rate options – 4.89% with a 999 arrangement fee, 5.09% with a 499 fee or 5.39% with no fee.

The APR for all three rates is 7.2%.

The fixed rate and tracker products are all available up to 85% LTV, with a maximum loan of 1,000,000.

There are no higher lending charges and early repayment charges are 5% in year one and then 4% until the end.

Justine Tomlinson, marketing director of Mortgage Next, says: These products represent excellent value for anyone currently considering remortgaging.

“Two-year fixes and trackers continue to be extremely popular and the combination of competitive rates and no valuation or higher lending charges is bound to make them attractive to both borrowers and brokers.

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