Loans at 2.99%??? Surely not??

There's been quite a few of these around recently. Unless you can pay the loan down a lot in the first year, they generally cost more in the long run.
1.98% and 1.99% Loans in the UK

(60% LVR though) and some *sting* afterwards as Rolf says, but with variable rates at around 4.8% if you had a whack of equity in your property it would give you some interesting options
2.99% Mortgage House


As an ex-Mortgage house broker I can tell you that the loan for 2.99% is for 6 months and then converts to 5.66%, the purpose of the intro rate is to get the calls coming in.

Exit fee's in first 5 years are 1.5% of the loam amount.