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 Any products featured may be withdrawn by their provider or changed at any time.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