A new five-year fixed rate
The deal offers a 5.35 per cent level until November 2014, with a facility to pay up to ten per cent of the capital without penalty each year.
Fixed deals are increasingly popular in the current climate, noted director of sales and marketing Kim Rebecchi.
She said: “In these uncertain times, with historically low interest rates, we are seeing an increase in the number of customers looking to fix.”
The product is available at a
Figures from the Council of
However, CML economist Paul Samter said the scope for further increase in the near future may be “limited”.