Help to Buy mortgage secures top rating | Product News - Moneyfacts

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Help to Buy mortgage secures top rating

Help to Buy mortgage secures top rating

Category: Mortgages
Date: 05/02/2015

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 It is now over 6 months old so the content may be out of date.

Woolwich from Barclays has reduced selected fixed and variable mortgage rates across its range, with the two-year Help to Buy deal enjoying a significant 0.50% reduction to further enhance its position as a Moneyfacts best buy.

The basics…

Now priced at 3.99%, this two-year deal is fixed until 31.03.17 and is available up to 95% loan-to-value (LTV), making it a market-leader for its sector.

The finer details…

The mortgage is available to first and second-time buyers looking to take advantage of the Help to Buy mortgage guarantee scheme, and as an added bonus, there are no fees to pay whatsoever, helping keep upfront costs to a minimum.

Borrowers can also benefit from the chance to make overpayments of up to 10% of the outstanding balance, a feature that could appeal to those looking to reduce their loan size quicker.

Why we like it…

This rate review has seen Woolwich from Barclays' two-year Help to Buy deal head further up the Moneyfacts charts, offering the lowest rate in its sector and highly favourable terms for those that only have a small deposit. The lack of fee and flexible repayment options add to the appeal, meaning it easily deserves Moneyfacts' highest accolade.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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