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