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Product focus: Mortgages with low start-up costs

Product focus: Mortgages with low start-up costs

Category: Mortgages

Updated: 30/03/2011
First Published: 30/03/2011

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 It is now over 6 months old so the content may be out of date.

Fees and charges can make moving home a stressful and expensive experience.

Some lenders offer mortgage deals with minimal set-up fees and incentives designed to keep initial costs to a minimum, although the rates for these deals tend to be slightly higher.

Here is a selection of some of the fee free deals in the fixed rate market at present.

NatWest Mortgage Services

  • This two year fixed mortgage offers a rate of 3.75% to 30.4.13.
  • The maximum loan-to-value is 60% and the minimum advance is £25,000.
  • No arrangement fee is payable and incentives of a free valuation fee and free legal fees are offered to remortgage customers.
  • There is also the option to make overpayments of up to 10% of the outstanding balance.

Barnsley Building Society

  • This deal offers borrowers a rate of 3.89% to 30.4.13.
  • The maximum loan-to-value is 75% and customers can borrow between £25,001 and £1m.
  • No arrangement fee is payable.
  • A host of flexible features are offered with this product including overpayments, underpayments and payment holidays.

Principality Building Society

  • This deal offers a rate of 3.89% to 30.4.13.
  • The maximum loan-to-value is 75% and maximum borrowing amount is £350,000.
  • No arrangement fee is payable.
  • First-time buyers do not have to pay a valuation fee, while remortgage customers can enjoy free legal fees.

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 Any products featured may be withdrawn by their provider or changed at any time.

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