5 stars for 95% LTV mortgage | Product News - Moneyfacts

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5 stars for 95% LTV mortgage

5 stars for 95% LTV mortgage

Category: Mortgages
Date: 11/12/2014

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 It is now over 6 months old so the content may be out of date.

Hanley Economic Building Society has added a new two-year fixed rate deal to its mortgage offerings that's perfect for first-time buyers, winning a five-star review for its competitive terms.


The basics…

This mortgage has a competitive rate of 4.89% fixed until 28.2.17, and is available at a loan-to-value (LTV) of up to 95%. No fees are payable.


The finer details…

This deal is open to first-time buyers, homemovers and remortgagors with just a 5% deposit.

No incentives are offered with this mortgage, but there is the option to make overpayments of up to 10% of the outstanding balance per year, offering borrowers some flexibility in their repayments.


Why we like it…

This mortgage boasts a competitive rate, which is sure to pique the interest of first-time buyers and other borrowers with a small deposit. The absence of any fees whatsoever is a definite bonus and means this deal easily outweighs its rivals, making it ideal for those who are looking to keep set-up costs to a minimum. In addition, the option to make overpayments gives borrowers some welcome flexibility, adding to this mortgage's overall appeal.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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