Market-leading mortgage gets 5-star review | Product News - Moneyfacts

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Market-leading mortgage gets 5-star review

Market-leading mortgage gets 5-star review

Category: Mortgages
Date: 21/10/2014

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 It is now over 6 months old so the content may be out of date.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 the fee on its 10-year fixed rate mortgage, earning this market-leading product a five-star review.

The basics…

This mortgage has a rival-beating rate of 3.99% until 31.12.24 at a loan-to-value (LTV) of 75%. A new lower fee of £999 is now payable.

The finer details…

This mortgage is open to all first-time buyers, second-time buyers and remortgagors with the right deposit. Remortgagors can benefit from an attractive incentive package that includes free legal fees and free valuation.

There is the option to make overpayments, but payment holidays or underpayments are not permitted.

Why we like it…

This product's market-leading rate, low fee and enticing incentive package for remortgagors make this a gold-star mortgage for borrowers with a 25% deposit. The option to make overpayments lends this mortgage added appeal, and as a result, this product is likely to prove popular in the market.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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