New mortgages from Loughborough BS - Mortgages - News - Moneyfacts


New mortgages from Loughborough BS

New mortgages from Loughborough BS

Category: Mortgages

Updated: 26/02/2009
First Published: 25/02/2009

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 It is now over 6 months old so the content may be out of date.

Loughborough BS has launched two new mortgages and replaced its standard variable rate mortgage of 4.99% for three years.

Option 1: standard variable rate mortgage for second time buyers and remortgages only, with a tie-in of three years, 4.99% for the term, a maximum LTV of 70% and a fee of £999.

Option 2: fixed rate mortgage for second time buyers and remortgages only without an extended tie-in, 4.99% for three years, a maximum LTV of 70% and a fee of £999.

As both products are priced at the same rate, borrowers will have to decide between the security of a fixed price and taking the chance on the standard rate dropping. Both options look favourably priced and benefit from a flat fee and availability through England and Wales.

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 Any products featured may be withdrawn by their provider or changed at any time.

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