Help to Buy 2-yr fixed mortgage is ‘outstanding’ | Product News - Moneyfacts

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Help to Buy 2-yr fixed mortgage is ‘outstanding’

Help to Buy 2-yr fixed mortgage is ‘outstanding’

Category: Mortgages
Date: 18/09/2015

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 It is now over 6 months old so the content may be out of date.

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.


The basics…

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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