The AA has launched a range of mortgage products available exclusively to its breakdown members.
The range includes two, three and five-year fixed rate mortgages and a best-buy four-year fixed rate product, with the entire range being fees assisted.
The mortgages are provided by Bank of Ireland UK.
Mortgages start at 2.08% with a 40% deposit for a two-year fix, going up to 3.78% for a five-year fix with a 10% deposit.
Members can also benefit from the AA’s home emergency and repair cover and central heating emergency and repair cover for 12 months and will also get a 15% discount on AA Home Insurance.
Michael Johnson, director of financial services at the AA, said: “This mortgage range has been developed to respond to the needs of our members. Lots of people are currently on mortgage deals where they are spending far more than they need to. This could be down to a combination of high fees and a lack of information, stopping them from switching to a better deal.
“We want to help our members by removing hidden costs and providing simple, straightforward mortgages, with all standard upfront fees included. We’re offering each member a no obligation ‘mortgage MOT’ where members have the opportunity to speak with a mortgage expert to find out if they could be getting a better deal, from our mortgage range. This service aims to help them save money, even if that means recommending they stay with an existing deal.”
The mortgage launch comes a year after the AA announced its long term partnership with Bank of Ireland UK and builds on its existing financial product offer which includes credit cards, savings accounts, cash ISAs and personal loans.
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