5-yr fixed mortgage gets ‘excellent’ rating | Product News - Moneyfacts

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5-yr fixed mortgage gets ‘excellent’ rating

5-yr fixed mortgage gets ‘excellent’ rating

Category: Mortgages
Date: 15/07/2015

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 It is now over 6 months old so the content may be out of date.

Nottingham Building Society has reduced the rate of its five-year fixed mortgage by 0.35%, meriting it an 'excellent' rating.

The basics…

This mortgage now has a rate of 2.64% fixed until 1.12.20. It is available at a loan-to-value (LTV) of 80% and has a fee of £999.

The finer details…

This deal is available to first-time buyers, homemovers and remortgagors with a 20% deposit. All borrowers can take advantage of the offer of free valuation fees while those looking to remortgage can also profit from free legal fees.

Overpayments of up to 10% of the outstanding balance are permitted each year, giving borrowers some welcome repayment flexibility.

Why we like it…

The rate decrease to this deal has boosted its competitiveness, something that is sure not to be missed by borrowers. The enticing incentive package and the option to make overpayments further sweeten the deal, ensuring that this mortgage is a true all-rounder.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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