West Brom Building Society has increased the rate on its three-year fixed mortgage by 0.05%; however, it remains a competitive offering and has therefore retained its prized place on the charts.
This mortgage has a still-competitive rate of 3.14% fixed until 31.8.19. It is available at a loan-to-value (LTV) of 90% and has a fee of £199.
House purchasers with a modest deposit of 10% are welcome to apply for this deal, which offers applicants free valuation (max £445) and a generous £1,000 rebate upon completion. Borrowers also have the opportunity to make regular or lump sum overpayments in order to reduce their outstanding balance.
The slight increase to the rate has done nothing to lesson this deal's competitiveness in the market. Borrowers are likely to be drawn to the attractive incentive package, which includes an enticing rebate, and will appreciate the ability to overpay when their finances allow it.
Moneyfacts rating: Excellent
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