Scarborough fee-assisted ten-year fix launched

The Scarborough fee-assisted ten-year fix mortgage has been launched and it comes with a rate of 6.74 per cent.

Borrowers of the Scarborough fee-assisted ten-year fix will also receive 11 per cent cashback and will get a refund of up to £405 for their valuation fee, reports Mortgage Introducer.

Tony Burdin, head of retail strategy at Scarborough, said: "In line with our commitment to responding to our customers' needs, we decided to make this product even easier to access, by reducing the initial set up costs.

Mr Burdin went on to say that the mortgage also offered customers "a number of other attractive features".

Other products in the new mortgage range launched by Scarborough Building Society this week include a two-year fixed rate mortgage with rates as low as 3.99 per cent, as well as a five-year fixed rate product that starts at 4.99 per cent.