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.
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