5-yr mortgage from Furness BS soars to the top | Product News - Moneyfacts

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5-yr mortgage from Furness BS soars to the top

5-yr mortgage from Furness BS soars to the top

Category: Mortgages
Date: 17/11/2014

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 It is now over 6 months old so the content may be out of date.

Furness Building Society has unveiled a rival-beating five-year fixed rate mortgage, which has powered straight to the top of the Moneyfacts charts for its terms.

The basics…

This mortgage deal has a market-leading rate of 4.09% fixed for five years at a loan-to-value (LTV) of 90%. A competitive fee of £999 is payable.

The finer details…

This offering is available to first-time buyers, second-time buyers and remortgagors with a 10% deposit. Those looking to remortgage can benefit from a generous incentive package of free legal fees and free valuation up to £335.

Borrowers have the option to make overpayments of up to 10% of the mortgage advance, offering some welcome repayment flexibility.

Why we like it…

This new deal from Furness BS has a highly competitive rate, which has enabled it to secure the top spot on the Moneyfacts charts for its sector. This rate, combined with the competitive fee and option for flexible repayments, is bound to catch the eye of borrowers with the right deposit, while remortgagors are likely to be particularly intrigued thanks to the enticing incentive package.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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