PMS Mortgage Club and Sesame Network have launched a high LTV mortgage product via Skipton Building Society.
The new product is a 95 per cent LTV five-year fix at 3.12 per cent. The offer has no application, arrangement or completion fees.
Sesame and PMS director of mortgages Jane Benjamin comments: “In addition to the rate and LTV, this mortgage product offers stability in the first five years, which we believe will prove to be popular with our members and their customers in these uncertain economic times.”
Recently, Moneyfacts provided data that showed that the average rate between 90 per cent and 95 per cent LTV two-year products is at its narrowest in seven years – there is currently just 0.65 per cent between them.