Furness BS has launched a new five-year fixed rate mortgage, which has entered the Best Buy chart for first-time buyers (FTBs) and earned an Outstanding rating.
This mortgage boasts a rate of 3.98% for five years at 95% loan-to-value (LTV), making it just shy of the market leader for its terms. It is completely fee-free, adding to its attraction.
The deal is offered to house purchase customers with a deposit of just 5%. It includes the option to make overpayments, giving some welcome flexibility to people looking to decrease their mortgage amount beyond their monthly payments.
The competitive rate on this new deal, combined with its fee-free status, is enough to see it enter the Best Buy charts for its sector and earn the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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