5-yr mortgage gets a rate reduction | Product News - Moneyfacts

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5-yr mortgage gets a rate reduction

5-yr mortgage gets a rate reduction

Category: Mortgages
Date: 26/04/2016

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 It is now over 6 months old so the content may be out of date.

Leeds Building Society has trimmed the rate on its five-year fixed mortgage by 0.04%, edging it into the charts and earning it an 'excellent' rating as a result.

The basics…

This mortgage now has an attractive rate of 2.55% fixed until 31.7.21. It is available at a loan-to-value (LTV) of 80% and has a fee of £999.

The finer details…

All borrowers with a 20% deposit are welcome to apply for this deal. There may be no incentives accompanying it, but it does have the flexibility to make overpayments of up to 10% of the outstanding balance and take lump sum withdrawals, provided certain conditions are met.

Why we like it…

The appeal of this mortgage has definitely been heightened by this latest tweak to its rate. Now sitting comfortably in the charts, this deal also offers borrowers with the right deposit some welcome flexibility in terms of repayments, which has secured it an 'excellent' rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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