2-yr fixed rate mortgage gets 5-star review | Product News - Moneyfacts

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2-yr fixed rate mortgage gets 5-star review

2-yr fixed rate mortgage gets 5-star review

Category: Mortgages
Date: 09/12/2014

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 It is now over 6 months old so the content may be out of date.

West Brom Building Society has recently re-priced its two-year fixed rate mortgage, earning it a full five-star review.


The basics…

This deal now has a rate of 2.19% fixed until 28.2.17, the joint lowest rate for its sector. It is available at a loan-to-value of 80% with a low fee of just £199.


The finer details…

This mortgage is available to first-time buyers, homemovers and remortgagors with a 20% deposit. All borrowers can benefit from a generous incentive package of free valuation (£525 max), while those looking to remortgage can also profit from free legal fees or a £350 rebate.

This deal welcomes overpayments by regular payment or lump sum, granting borrowers some welcome flexibility.


Why we like it…

This deal is a great all-rounder and is sure to attract the attention of borrowers with the right deposit. The rate offered is highly competitive and one of the lowest in its sector and the incentive package offered is also very generous, particularly for remortgagors. The low fee and the option to make overpayments further sweeten the deal, ensuring that this mortgage merits its place in the Moneyfacts charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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