ING Direct (UK) has reduced the rate payable on its two year fixed rate mortgage deal for house purchases to 2.79%.
Although the deal does not include any incentives to reduce costs, it is still likely to appeal to those looking for a no frills mortgage product with a low rate and fee.
Interested borrowers will need to have a 40% deposit to secure the deal.
But with the rate currently being the lowest in its field with a flat arrangement fee, four out of five Moneyfacts stars are well deserved.
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