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For Intermediaries only. Not for public use.

£1,000 cashback with two new 95 per cent fixes

H&R for Intermediaries has launched two new fee-free cashback mortgages at up to 95 per cent LTV.

The limited availability mortgages both span five-year fix periods, with one featuring a step change in interest rate after two years.

H&R head of sales and marketing Carolyn Thornley-Yates said: “These products are priced to be extremely competitive within the popular fixed rate market.

“They may not be around for long as there is a limited tranche of funding allocated to them. We’re sure they will be of great interest both to direct customers and to mortgage intermediaries looking for higher LTV lending that is fee-free and features a very useful £1,000 cashback for homebuyers.”

The two new fee-free mortgages are:

  • A five-year fix at 3.49 per cent interest, with tapered ERCs during years one to five
  • Two years fixed at 3.20 per cent, stepping to 4.49 per cent for years three to five. There are ERCs of two per cent in the first two years

Both feature free valuations on properties worth up to £1million.

Carolyn said: “Both of these very competitive mortgages provide homebuyers with the certainty of knowing what their monthly repayments will be for the full five years. The stepped product starts at a lower interest rate, which should be welcome particularly to first time buyers.

“Applicants, and their broker if they are using one, will also benefit from our traditional levels of one-to-one service and our manual underwriting which considers the circumstances of each applicant without credit scoring.”

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