Beacon Homeloans two-year fixed-rate products launched

Money News

www.moneynews.co.uk > Mortgages > Beacon Homeloans two-year fixed-rate products launched

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Beacon Homeloans two-year fixed-rate products launched

The Beacon Homeloans two-year fixed-rate product range has been announced today, with a starting interest rate of 5.5 per cent.

Packages in the range have a loan to value of up to 85 per cent and vary in type from near prime to unlimited adverse.

Borrowers are given the opportunity to fix the interest rate on their deal at two years after the completion of the loan, rather than being given a date on which the rate will end.

The company claims that this makes the Beacon Homeloans two-year fixed-rate product range different to the alternatives on the market.

Director of sales and marketing Brian Pitt said: "There are very few deals that provide a true two-year fix – normally there is a specified end date which can mean customers who suffer from delayed completion actually end up with a deal this is nowhere near two years."

Customers interested in these deals need to book them through the Regulatory Association of Mortgage Packagers (RAMP), Beacon's distributing organisation.

Related News : Mortgages

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet