AA Mortgages chief Michael Johnson has pledged to help steer customers towards easy and effortless mortgages thanks to the launch of a range of new fixed-rate products.
Johnson, the AA director of financial services, has overseen the introduction of a selection of high loan-to-value two, three and five-year fixed rate mortgages targeted at first-time buyers and those re-mortgaging.
And he said of the range, which includes five-year fixed products with free legals and zero standard valuation fees: “The AA is here to help and we are now able to offer a selection of mortgages to suit a variety of buyer needs.
“This competitive range aims to make mortgages simple and straightforward, with options for an array of borrowers – whether it’s those wanting to take their first step onto the property ladder or those simply wanting a better deal by re-mortgaging.”
The mortgage range includes:
| Term | LTV | Rate | Fee | Free Valuation | Cashback |
| 5 Year | 95% | 3.99% | £0 | No | £0 |
| 2 Year | 95% | 3.82% | £0 | Yes | £400 |
| 5 Year | 90% | 2.88% | £0 | No | £0 |
| 2 Year | 90% | 2.38% | £0 | No | £0 |
| 5 Year | 85% | 2.19% | £1,495 | Yes | £0 |
| 3 Year | 85% | 1.87% | £995 | No | £0 |
| 2 Year | 85% | 1.43% | £995 | No | £0 |
The mortgage arm of the AA motor association lender, which launched into the market last August, is also offering mortgage customers 15 per cent off AA home insurance, 12 months AA Home Response Plus and AA Central Heating Response Plus coverage on select products. A selection also provides free standard house valuations and £400 cash back.