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smile Launches New Discounted Tracker Mortgage.

PR Newswire Europe, May, 2006

MANCHESTER, England, May 23 /PRNewswire/ -- Internet bank, smile, today (23 May 2006) launched a new tracker mortgage that will offer a generous rate of 3.99 per cent, a discount of 0.51% below Bank Of England Bank Rate, for the first year. The smile one-year discount mortgage is provided by The Co-operative Bank and, after the introductory period, guarantees to track the Bank of England Base Rate, currently 4.50 per cent, plus 0.75 per cent, for the duration of the loan.

smile is not only offering a low rate but also excellent overall value to all borrowers. Unlike many other ...

 

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