The rates being quoted in press are a lot lower than their website (which hasn't changed from the old Pepper rates)But they are not cheap.
First, I think it's interesting that in most cases where they have a rate, they're matching the best rate in market (ignoring cashback for switching). Both variable and fixed rates - some banks might need to reword their advertising.The only reason you would go with them is if you were refused by all of the other lenders. Or am I missing something?
I assume you mean overpayment before applying a break fee?I can't seem to find it on their site - do they allow overpayments in their fixed products?
They have already announced but they are not allowing me an existing residential customer to switch to their new fixed rate.....some joke.ICS are ready to launch into the residential mortgage market within 3 weeks according to a broker i spoke with today. Good to see more competition.