Loughborough BS launches variable rate mortgage | Product News - Moneyfacts

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Loughborough BS launches variable rate mortgage

Loughborough BS launches variable rate mortgage

Category: Mortgages
Date: 21/05/2013

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 It is now over 6 months old so the content may be out of date.

Loughborough Building Society has added a selection of variable rate mortgages to its range, most notable being the launch of the two-year discounted variable rate, available to borrowers with deposits of 10% and over.

The basics…

This new deal offers a rate of 3.59% variable for two years and has a maximum loan-to-value of 90%.

The finer details….

Between £20,000 and £300,000 can be borrowed by purchase and remortgage customers.

A fee of £499 is payable either upfront or added to the mortgage advance.

Customers also have the option to overpay up to 10% of the outstanding balance.

Why we like it….

This new mortgage should appeal to borrowers with smaller deposits who are looking for a competitive variable rate. Four out of five Moneyfacts Stars have been awarded.

What next?

Compare variable and tracker rate mortgages
Compare discounted rate mortgages
Mortgage repayment calculator

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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