Discounted mortgage gets a rate cut | Product News - Moneyfacts

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Discounted mortgage gets a rate cut

Discounted mortgage gets a rate cut

Category: Mortgages
Date: 05/10/2015

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 It is now over 6 months old so the content may be out of date.

Monmouthshire Building Society has reduced the rate of its two-year discounted variable mortgage by 0.10%, enabling it to establish itself on the Moneyfacts charts.

The basics…

This deal now has a competitive discounted variable rate of 1.75% (3.34% disc). It is available at a loan-to-value (LTV) of 85% and has a fee of £995.

The finer details…

This mortgage is only available to house purchase customers with a 15% deposit. All borrowers can benefit from an incentive package of free valuation and take advantage of the option to make regular overpayments.

Why we like it…

House hunters on the lookout for a competitive variable rate mortgage are likely to take note of this competitive deal, which has become even more appealing thanks to its rate reduction. The additional bonus of free valuation and the potential to shorten the mortgage term by making overpayments also boosts its appeal.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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