2-year fixed rate mortgage top for FTBs | Product News - Moneyfacts

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2-year fixed rate mortgage top for FTBs

2-year fixed rate mortgage top for FTBs

Category: Mortgages
Date: 09/01/2015

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 It is now over 6 months old so the content may be out of date.

Clydesdale Bank has re-jigged its mortgage range to include a two-year fixed rate deal that earns top marks and a place in the Moneyfacts charts.

The basics…

This mortgage now has a rate of 2.89% fixed until 31.3.17, matching the lowest rate for its sector. It is available at a loan-to-value (LTV) of 90% with a competitive fee of £999.

The finer details…

First-time buyers, homemovers and remortgagors with a 10% deposit can all apply for this deal, although a minimum advance of £150,000 is necessary. There is the extremely appealing incentive of a £1,000 rebate on completion, while those looking to remortgage their property can also benefit from a free valuation and free legal fees. There is also some flexibility with regards to repayments, with the option to make regular overpayments available to all. This deal is also available through Yorkshire Bank.

Why we like it…

Ideal for first-time buyers who can muster the 10% deposit required, the rate is highly attractive and the joint-best available among its peers. What is more, the deal is sweetened by a very generous incentive package, including a rebate, although it is remortgagors who stand to gain the most.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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