Principality Building Society has launched a new two-year fixed rate mortgage onto the market, earning it an excellent rating for its competitive terms.
This mortgage has an attractive rate of 2.55% fixed until 31.1.17, allowing it to enter the Moneyfacts charts. It is available at a loan-to-value (LTV) of 85% and has a low fee of just £99.
This deal is open to first-time buyers, homemovers and remortgagors with a 15% deposit. All borrowers can profit from a generous incentive package of free valuation while those looking to remortgage can also benefit from free legal fees.
Although there is not much in the way of repayment flexibility with this mortgage, it still offers borrowers a competitive rate. The low booking fee is also a definite bonus, as is the enticing incentive package, both of which will help to keep initial costs down.
Moneyfacts rating: Excellent
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