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