Tipton & Coseley has reduced the rate of its three-year discounted variable mortgage by 0.31%, pushing it into the Moneyfacts charts and earning it an 'excellent' rating as a result.
This mortgage now has a competitive discounted variable rate of 2.88% (2.11% disc) to 30.4.19, allowing it to move into the charts. It is available at a loan-to-value (LTV) of 90% and has a fee of just £199.
This deal is available to house purchase customers only who have a modest deposit of 10%. A generous incentive package of free valuation and a £199 rebate upon completion is offered and borrowers also get the option to make overpayments and take drawdown sums, provided certain conditions are met.
Borrowers in possession of a modest deposit are likely to have their interest piqued by this update, which sees the mortgage move into an eye-catching position on the charts. The additional appeal of a generous incentive package and a low fee, which will help to keep initial costs down, adds to its attractions and ensures that it fully deserves its 'excellent' rating.
Moneyfacts rating: Excellent
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