10-yr fixed rate mortgage enters top 10 | Product News - Moneyfacts

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10-yr fixed rate mortgage enters top 10

10-yr fixed rate mortgage enters top 10

Category: Mortgages
Date: 08/01/2015

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 It is now over 6 months old so the content may be out of date.
Woolwich from Barclays has reduced selected fixed rate mortgages by up to 0.46%. One of the deals to benefit most was its 10-year offer, which has earned a coveted place in the Moneyfacts charts.

The basics…

This mortgage now has a rate of 2.99% fixed for 10 years, the lowest rate for its sector. It is available at a loan-to-value (LTV) of 60% with a competitive fee of £999.

The finer details…

First-time buyers, homemovers and remortgagors with a 40% deposit are all welcome to apply for this mortgage. Those looking to remortgage their property can benefit from an enticing incentive package of free valuation and free legal fees.

All borrowers are offered a degree of repayment flexibility with the option to make regular or lump sum overpayments.

Why we like it…

Thanks to the rate reduction of 0.46%, this mortgage deal now has the lowest rate for its sector, something that is certain not to escape the notice of eager borrowers. The fee is a competitive one and the option to make overpayments adds some welcome flexibility. Remortgagors can also profit from an attractive incentive package, which will help to keep upfront costs down.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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