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Private Label discounts for three years


Private Label is launching a three year discount rate mortgage with a 2 per cent cashback.


The discount is 2 per cent a year for three years, bringing the current payable rate down to 4.85 per cent up to 95 per cent loan to value.


The cashback of 2 per cent is subject to a maximum of £10,000.


There is an arrangement fee of £295 and early redemption fees of 6 per cent in years one and two, 5 per cent in years three and four and 4 per cent in year five.


The procuration fees is £165.


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