New mortgage subvention offer

BARRACK HOMES has launched a new home mortgage subvention offer, linked to the ECB rate, which it says takes the uncertainty out of interest rates and repayments for home purchasers.

The new scheme, called Fixedplan, covers the differential cost of fixed mortgage repayments over and above the ECB rate, currently 4% for three years. The purchaser will then receive the difference between the two rates from Barrack Homes.