‘Excellent’ 3-yr fixed mortgage gets rate cut | Product News - Moneyfacts

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‘Excellent’ 3-yr fixed mortgage gets rate cut

‘Excellent’ 3-yr fixed mortgage gets rate cut

Category: Mortgages
Date: 28/10/2015

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 It is now over 6 months old so the content may be out of date.

Principality Building Society has reduced the price of its three-year fixed rate mortgage by a significant 0.25%, earning it an 'excellent' rating as a result.

The basics…

This mortgage now has an attractive rate of 2.10% fixed until 31.12.18. It is available at a loan-to-value (LTV) of 65% and has a low fee of just £99.

The finer details…

All borrowers with a deposit of 35% are welcome to apply for this mortgage. All applicants can benefit from an incentive package of free valuation while remortgagors can also profit from free legal fees.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

The notable rate reduction to this deal has certainly strengthened its competitiveness in the marketplace. Borrowers will welcome the new rate and the generous incentive package, particularly if they are looking to remortgage, while the very low fee will also help to keep costs to a minimum.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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