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Exclusive Connections launches 4.99 per cent capped rate

Mortgage packager Exclusive Connections has launched a 4.99 per cent capped rate until Feb 1, 2002.

The product, funded by Bristol & West, will revert to a discounted rate of 1.25 per cent of its Standard Variable Rate until February 1, 2003. Its current SVR is 7.74 per cent.

Exclusive Connections marketing director Patrick Day says: “This product gives a real peace of mind, a capped rate followed by a discount rate with no redemption overhang.”

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