Five-year mortgage retains chart place | Product News - Moneyfacts

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Five-year mortgage retains chart place

Five-year mortgage retains chart place

Category: Mortgages
Date: 27/07/2016

West Brom BS has amended selected rates across its mortgage range, resulting in its five-year deal increasing by 0.10%. However, despite the rise, it manages to retain its chart place and "outstanding" rating thanks to its highly competitive terms.

The basics…

This five-year deal now comes with a rate of 2.69% fixed until 30.11.21. It's available at a loan-to-value (LTV) of 85%, and comes with a low fee of just £199.

The finer details…

The deal is offered to house purchase customers with the necessary deposit. It comes with a generous incentive package consisting of a £500 rebate as well as free valuation (max £445), and also gives borrowers the chance to make overpayments to reduce their mortgage balance.

Why we like it…

This mortgage has comfortably maintained its place in the charts thanks to its still-competitive rate, and this, together with its generous incentive package, added flexibility and incredibly low fee, secures its status as a Moneyfacts best buy.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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