5-yr discounted mortgage bounces into charts | Product News - Moneyfacts

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5-yr discounted mortgage bounces into charts

5-yr discounted mortgage bounces into charts

Category: Mortgages
Date: 11/05/2016

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 It is now over 6 months old so the content may be out of date.

Leek United Building Society has introduced a highly competitive five-year discounted mortgage to the market, earning it the top accolade and a prized place in the charts due to its eye-catching terms.

The basics…

This mortgage has a discounted variable rate of 2.55% (2.64% disc) for five years, the lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 90% and has a low fee of £199.

The finer details…

All borrowers with modest deposits of 10% are welcome to apply for this deal, which allows both regular and lump sum repayments.

Why we like it…

This newcomer has made waves in the charts thanks to its highly attractive rate, which has secured it a proud place in the charts. Borrowers with modest deposits are likely to appreciate its affordability and flexibility, as it has a low fee and the option to make overpayments. In short, this is an outstanding mortgage 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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