5-yr fixed mortgage moves into best buys | Product News - Moneyfacts

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5-yr fixed mortgage moves into best buys

5-yr fixed mortgage moves into best buys

Category: Mortgages
Date: 24/05/2016

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 It is now over 6 months old so the content may be out of date.

HSBC's five-year fixed mortgage now has the lowest rate for its terms, and as a result, it has moved into a prized position in the Moneyfacts charts.

The basics…

This mortgage has a highly competitive rate of 2.24% fixed until 31.8.21. It is available at a loan-to-value (LTV) of 75% and has a fee of £1,499.

The finer details…

This deal welcomes applications from all borrowers in possession of a 25% deposit. Those who are looking to remortgage their property are able to benefit from an incentive package of free legal fees, while all borrowers can profit from the option to make overpayments of up to 20% of the mortgage payment every month.

Why we like it…

This eye-catching mortgage deserves its new place on the charts - it boasts an attractive rate and also has an enticing incentive package for remortgagors. The fact that it allows overpayments also gives it an element of flexibility that will appeal widely to borrowers with the right deposit.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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