5-star review for fixed rate mortgage | Product News - Moneyfacts

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5-star review for fixed rate mortgage

5-star review for fixed rate mortgage

Category: Mortgages
Date: 02/10/2014

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 It is now over 6 months old so the content may be out of date.

Woolwich from Barclays has reduced the rate on its five-year fixed rate mortgage by 0.36%, earning it a five-star review and a place among the market-leaders.

The basics…

This five-year deal has a rival-beating rate of 3.09% until 31.12.19 at a loan-to-value (LTV) of 75%. A low fee of £999 is payable.

The finer details…

At the end of the five-year period, the rate will revert to 3.99% variable for the remainder of the mortgage term.

First-time buyers, second-time buyers and those looking to remortgage are all invited to apply. Remortgagors will benefit from an extensive incentive package of free valuation and free legal fees.

Borrowers are given flexibility over their repayments with the option to make overpayments of up to 10% of the outstanding balance.

Why we like it…

The low fee, combined with the competitive rate, makes this mortgage an eye-catching option for borrowers with the right deposit. Remortgagors get a particularly good deal with a great incentive package of free legal fees and free valuation.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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