Banks offering mortgage arrangement fee reduction

Clydesdale and Yorkshire Banks have jointly launched an offer for new customers moving home or re-mortgaging.

The lenders are offering 50 per cent of mortgage arrangement fees on a range of deals including a 2.79 per cent discounted offset.

Steve Reid, retail director Clydesdale Bank, commented that customers are always looking for great service at a great price.

"This new discount, particularly when combined with our new mortgage range, delivers that," he claimed.

Mr Reid said consumers switching their mortgage to the Clydesdale or Yorkshire bank could save several hundreds of pounds.

"Combine that with our new mortgage products and our customer service, and we're giving customers that great value they want," he stated.

Last week, the Britannia and the Co-op launched a new range of 90 per cent mortgages with interest rates from 5.49 per cent.

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2010-05-10 13:38:30 © Moneyextra.com