2-yr 95% mortgage gets ‘outstanding’ rating | Product News - Moneyfacts

Product News

2-yr 95% mortgage gets ‘outstanding’ rating

2-yr 95% mortgage gets ‘outstanding’ rating

Category: Mortgages
Date: 05/03/2015

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 It is now over 6 months old so the content may be out of date.

Hanley Economic Building Society has reduced selected fixed rate mortgages, one of which has earned an 'outstanding' review for its competitive terms.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close