Bradford & Bingley 72-hour mortgage launched

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Bradford & Bingley 72-hour mortgage launched

Bradford & Bingley is to offer remortgagers a 72-hour exclusive stepped tracker mortgage, designed for those who wish to move their mortgage along quickly.

The product, which is funded by Norwich & Peterborough, has an initial rate of 4.5 per cent, which rises to 4.75 per cent in the second year and 5 per cent in the third.

Thereafter the rate remains at the base rate plus 0.75 per cent for the remainder of the loan.

Duncan Pownall, mortgage development manager for Bradford & Bingley, said: "This is a great product that will really appeal to remortgagers looking for competitive rates, low fees and flexible features."

As the name suggests, the Bradford & Bingley 72-hour mortgage will see a mortgage offer provided within 72 hours of application and there is a maximum 75 per cent loan-to-value available.




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