Hanley Economic Building Society has reduced selected fixed rate mortgages, one of which has earned an 'outstanding' review for its competitive terms.
This mortgage now has a rate of 4.05% fixed until 30.6.17. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.
This deal is available to first-time buyers, homemovers and remortgagors with a modest deposit of 5%.
All borrowers can benefit from free valuation or £260 towards valuation fees, while house purchase customers can profit from a £250 rebate upon completion. Those looking to remortgage their property can receive free legal fees (max £250).
In addition to this extensive incentive package, borrowers can also benefit from flexible repayments, with overpayments welcomed.
There may be lower rates in this sector, but Hanley's latest reduction has boosted the competitiveness of this deal. The rate is also mitigated by a wide-ranging and highly attractive incentive package that promises to benefit all borrowers, while the absence of any product fees is a definite bonus and one that will appeal to those with only a modest deposit. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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