New online mortgage offers low SVR rate

A new online mortgage has been launched to simplify the mortgage application process and demystify the confusion around rates.

Nextmortgage.co.uk offers one Single Variable Rate (SVR) at 5.92%, will provide consumers with an online quotation in a matter of minutes and a same day decision on their application.

Nextmortgage manager Peter Blocksidge comments: “There are too many mortgage providers offering ‘headline grabbing’ rates and a whole host of different mortgage deals. This can prove misleading and confusing for consumers as some low rate offers are increased after a few months, while others are complexly packaged.

“People want a good value mortgage, but do not want the hassle of shopping around or spending hours deciphering different rates and packages. We are bridging this gap by avoiding gimmicks and introductory offers and offering one, low SVR through a simple-to-use website. People can rest assured that using Nextmortgage.co.uk will be a quick and easy process with no confusing jargon or hidden catches to trip them up.”

Nextmortgage.co.uk is a trading name of Stafford Railway Building Society, which is authorised and regulated by the Financial Services Authority under registration no. 206063 (www.fsa.gov.uk/register).