House purchase mortgage gets a rate cut | Product News - Moneyfacts

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House purchase mortgage gets a rate cut

House purchase mortgage gets a rate cut

Category: Mortgages
Date: 28/10/2015

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 It is now over 6 months old so the content may be out of date.

West Brom Building Society has reduced the rate of its three-year fixed rate mortgage by 0.20%, earning it a place in the Moneyfacts charts.

The basics…

This deal now has a competitive rate of 3.39% fixed until 28.2.19. It is available at a loan-to-value (LTV) of 90% and has a low fee of £199.

The finer details…

This mortgage is available to house purchase customers who have a modest deposit of 10%. All borrowers can benefit from an enticing incentive package of a £500 rebate upon completion and free valuation (max £445). There is also the option to make regular or lump sum repayments to reduce the outstanding balance.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

The rate cut to this deal has boosted its appeal, which is sure to get it noticed by borrowers. Its low fee and very generous incentive package are also very attractive and mean that this could be a cost-effective choice for those who are looking to keep their upfront costs down.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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