NatWest has reduced the rate of its two-year fixed rate Help to Buy mortgage by 0.13%, enabling it to secure its position in the Moneyfacts charts and win the top rating.
This mortgage has an attractive rate of 4.24% fixed until 31.12.17. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.
The finer details…
This deal is available to house purchase customers who have a modest deposit of 10%. Although there are no incentives to sweeten the package, borrowers are given the opportunity to make overpayments of up to 10% of the outstanding balance per annum, enabling them to potentially reduce the length of the term.
Why we like it…
First-time buyers and homemovers who have only amassed a small deposit are likely to look kindly upon this reduced deal. It boasts a competitive rate, while the absence of any product fees enhances its cost-effectiveness and the ability to make overpayments lends it some welcome flexibility. This is an outstanding product that fully deserves the highest Moneyfacts rating.
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 Any products featured may be withdrawn by their provider or changed at any time.
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