10-year mortgage enters chart | Product News - Moneyfacts

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10-year mortgage enters chart

10-year mortgage enters chart

Category: Mortgages
Date: 12/09/2016

Barclays has reduced its fixed rate 10-year mortgage by 0.30%, which sees it become competitive enough in its sector to enter the Best Buy chart and gain the highest Moneyfacts rating.

The basics…

This mortgage now boasts a rate of 2.69%, fixed to 30.09.2026, at 80% loan-to-value (LTV). It comes with an arrangement fee of £999.

The finer details…

The deal is offered to all borrowers with the necessary deposit. Remortgagors benefit from an incentive package of free valuation for properties valued up to £2m and free legal fees, while all borrowers have the option to make overpayments.

Why we like it…

This rate cut means this deal now has the lowest mortgage rate for its sector, making it a highly appealing choice for those looking to fix their payments for a decade. Together with the incentives and flexibility, this fully justifies the deal's entry into the chart and well-deserved rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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