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.
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 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.
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
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