Discounted mortgage is now ‘outstanding’ | Product News - Moneyfacts

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Discounted mortgage is now ‘outstanding’

Discounted mortgage is now ‘outstanding’

Category: Mortgages
Date: 16/06/2015

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 It is now over 6 months old so the content may be out of date.

Leek United Building Society has reduced its two-year discounted variable rate deal by 0.10%, pushing it into the Moneyfacts charts.

The basics…

This mortgage now has a competitive variable rate of 1.59% (3.60% disc) for two years, one of the lowest rates in its sector. It is available at a loan-to-value (LTV) of 75% and has a low fee of £199.

The finer details…

This deal is available to all borrowers with a 25% deposit. An incentive package of refunded valuation fees is on offer for all properties up to the value of £500,000, and it is also possible to make regular or lump sum overpayments.

Why we like it…

This mortgage offers borrowers an attractive combination of a competitive rate and low upfront costs. The addition of a refunded valuation sweetens the deal further, while the option to make overpayments lends a welcome degree of flexibility. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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