The Mortgage 2000 club has announced the launch of a two-year tracker rate mortgage tailored to meet the needs of remortgagers, particularly those hoping to raise capital.
The offer provides up to 95 per cent loan-to-value, with only modest entrance fees, alongside free valuation and free standard legal fee incentives.
The deal, currently priced a 4.94 per cent, has no extended tie-in arrangements and allows the Â£699 booking fee to be added to the loan, said Alison Collinson of Mortgage 2000.
“This product is top of the tree when looking for a remortgage deal up to 95 per cent loan-to-value ideal for those wanting to raise funds to improve their property,” she said.
The free valuation and free legal fees combined with the ability to add the arrangement fee to the loan mean that there are no up front fees.
The deal is available to homeowners belonging to the Mortgage 2000 club through all mortgage intermediaries.
New members have also been invited to apply for membership online. Funding for the deal has been arranged by Abbey.
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