Manchester BS impresses with new mortgage - Mortgages - News - Moneyfacts


Manchester BS impresses with new mortgage

Manchester BS impresses with new mortgage

Category: Mortgages

Updated: 05/05/2011
First Published: 05/05/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Manchester BS has launched a new three year fixed rate mortgage that is a real challenger in its field.

The Fixed Rate Mortgage for house purchase only offers buyers a rate of 4.79% for three years, reverting to 4.99% for the term, a maximum loan-to-value (LTV) of 85%, and a fee £995.

This new three year mortgage from Manchester BS is very competitively priced.

The top rate in this sector is 0.20% lower but has a very high fee. If products with similar fees at maximum 85% loan-to-value are compared, there is only a 0.04% difference between the top rates and this deal.

With a reasonable fee of £995, this may certainly appeal to those looking for a higher LTV, although the lack of any product incentives may count against it.

Find the best mortgage rate - Compare best selling mortgages

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.

Fee-free mortgages on the rise

Mortgage rates may be at record lows, but for some people, the extra costs associated can make switching deals a financial impossibility. It’ll come as welcome news, then, that the number of fee-free deals has more than doubled over the past year!