New ING Direct mortgages launched by Finance News Bulletin

Published: 15/01/07

The savings bank ING Direct has introduced two mortgages to the marketplace in a bid to end the uncertainty that environs banking jargonA fixed rate and flexible mortgage will be added to ING Direct's mortgage collection and the bank has laid down a commitment to prevent customers receiving unnecessary costUtilising investigate by Defaqto, ING Direct analysed the mortgage market and discovered administration and other cost were costing UK home owners a sum of £705 million per yearThe CEO at ING Direct, Lindsay Sinclair, declared: "The tax people are being offered are not what they seem and mortgages come with a range of nasty surprises

"Marked up cost are often imposed to generate income that will let mortgage providers to set interest rates at a level that will get them into the Best Buy tables"The ING straight Flexible Mortgage offers a standard changeable rate that remains less than 09 per cent above the have an account of England base rateAlternatively, the ING Direct Fixed Rate Mortgage offers a 4

95 per cent fixed interest speed for two years that reverts to the ING straight Flexible rate after the two-year periodING straight was launched in the UK in 2003 and operates in a total of nine

Visit original article: