5-yr fixed rate mortgage is ‘outstanding’ | Product News - Moneyfacts

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5-yr fixed rate mortgage is ‘outstanding’

5-yr fixed rate mortgage is ‘outstanding’

Category: Mortgages
Date: 24/02/2015

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 It is now over 6 months old so the content may be out of date.

Post Office Money has boosted its fixed rate mortgage range with a new five-year product, which has merited an 'outstanding' rating thanks to its competitive rate and terms.

The basics…

This mortgage has a rate of 3.95% fixed until 30.6.20, earning it a well-deserved place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 90% and has a competitive fee of £995.

The finer details…

This deal is open to first-time buyers, homemovers and remortgagors with a 10% deposit. All borrowers can enjoy the benefits of the incentive package, which includes free valuation and a £1,000 rebate upon completion.

Repayment flexibility is also offered with the option to make overpayments of up to 10% of the outstanding balance per year.

Why we like it…

This deal has rocketed straight into the charts thanks to its eye-catching rate and enticing incentives. Borrowers with a more modest deposit are likely to be intrigued by this offer, particularly as it promises to keep upfront costs low due to the generous rebate and offer of free valuation. This is an outstanding product 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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