10-yr fixed rate mortgage remains ‘excellent’ | Product News - Moneyfacts

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10-yr fixed rate mortgage remains ‘excellent’

10-yr fixed rate mortgage remains ‘excellent’

Category: Mortgages
Date: 06/05/2016

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 It is now over 6 months old so the content may be out of date.

Leeds Building Society has increased the rate on its 10-year fixed mortgage by 0.14%; however, it has retained its competitive edge regardless and has therefore kept its 'excellent' rating.

The basics…

This mortgage now has an attractive rate of 2.89% fixed until 31.7.26 at a loan-to-value (LTV) of 65%, which means it's still the lowest-priced deal in its sector. It has a fee of £1,499.

The finer details…

Both homebuyers and remortgagors are welcome to apply for this deal, provided they have the necessary deposit. Borrowers are then able to take advantage of the option to make overpayments and take lump sum withdrawals, as long as certain conditions are met.

Why we like it…

Borrowers who are looking for long-term security are likely to continue to pay attention to this mortgage, which offers a competitive rate for those who want to avoid the uncertainty of future rate rises. This deal is bolstered further by the fact that it also permits overpayments and lump sum withdrawals, which will give borrowers some added control over their repayments.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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