The One account is announcing a new 12 month discount on its Flexible Mortgage Option product.
The new offer will be exclusive to intermediaries giving customers a discount of 0.46 per cent off the long term rate. This will mean a discounted rate of 5.24 per cent for loans of less than or equal to 85 per cent LTV or 5.74 per cent for loans of more than 85 per cent LTV for 12 months.
The new discount deal will be available on all sourcing systems from January 24.
The One Account sales director Caroline Marsh says: “This 12 month discount will make the Flexible Mortgage Option the leading fully flexible product in the remortgage marketplace – with no arrangement fees or redemption penalties, up to 99 per cent LTV and no higher lending charge. If you factor in the level of service that we provide, we believe that our package is unrivalled.
Intermediaries told us that a longer term discount will help them to increase the volume of flexible mortgages they could sell, so that’s what we’ve done. The immediate benefit for clients is that the discount will enable them to get a headstart in repaying their mortgages by being able to afford to overpay from day one.”