Discounted mortgage gets a rate reduction | Product News - Moneyfacts

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Discounted mortgage gets a rate reduction

Discounted mortgage gets a rate reduction

Category: Mortgages
Date: 08/01/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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