Scarborough mortgage range offers 2 to 25-year fixes from 5.54%

Scarborough Building Society is offering customers the certainty of guaranteed mortgage payments with a competitive new range allowing them to fix for between 2 and 25 years.

Highlights of the new range include:

Competitive interest rates over fixed terms of 2,3,5,7,10,15 or 25 years to suit different circumstances;
Fixed rates from 5.54%;
Fixed, affordable arrangement fees from £595.

Mortgage Product Manager Ella Bowles said: ‘Record numbers of people are due to come off fixed rate mortgage deals this year, and will be looking to balance their budgets.

‘Therefore, we felt it was important to provide them with cost effective alternative products which offer the certainty of guaranteed payments over whatever term they are comfortable with.

‘Also, with mortgage arrangement fees increasing and a trend towards percentage fees, it is no longer cost effective for everyone to shop around for a new deal by remortgaging every two years, which is why we have also added attractive 15 and 25-year fixed rate deals to our product mix.

‘Of course, we continue to offer the full range of mortgage options to suit individual needs, including competitive tracker products for those people who prefer not to fix their rate in the hope that the Bank of England Base Rate will reduce again during the course of this year.’

Ella added: ‘We believe our new range is outstanding in the current market. Both our rates of interest and arrangement fees are competitive – including our 15 and 25 year deals, an arena where customers have traditionally paid a higher premium for the peace of mind of knowing what their payments are going to be over the longer term.’

As well as our new fixed rate products, Scarborough continues to offer the kind of flexibility customers have come to expect across its range, including cashback and fee assisted options, the chance to overpay by up to 20% and free legals on re-mortgages.

For further information, visit scarboroughbs.co.uk.