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.
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.
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.
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.
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