Godiva Mortgages has added to its product portfolio with a five year fixed rate mortgage, although customers will have to go through the intermediary channels to take advantage of it.
The rate of 5.40% rate is the lowest offered for a five year fixed mortgage across the marketplace. It also has a very competitive flat fee price of £1,250, which is comprised of a £250 booking fee and a £1,000 arrangement fee that can be added to the loan, although paying up front is always preferable if possible.
The 65% LTV cap will not appeal to everybody but the product still goes into the 'best buy' territory in the intermediary arena and earns four out of five Moneyfacts stars.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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