Darlington BS has launched a new three-year discounted variable mortgage deal at 90% loan-to-value (LTV), which boasts the lowest rate for its terms, therefore deservedly earning it the highest Moneyfacts rating.
This mortgage has a market-leading rate of 2.44% to 31.1.20 (3.26% disc) and comes with a reasonable fee of £319.
The deal is offered to all borrowers with a deposit of just 10%. It includes an incentive package of free valuation fees (up to £300) and associated admin fees for all, as well as free legal fees for remortgagors. It also comes with the option to make one lump sum overpayment worth up to 10% of the outstanding balance.
This deal is already a market-leader on rate alone, but combined with its low fee, flexibility and generous incentives, it becomes even more appealing and easily earns its rating as a result.
Moneyfacts rating: Outstanding
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