West Brom BS has increased the rate of its two-year fixed rate mortgage. However, it has retained its competitive nature and merits an 'outstanding' review for its attractive terms.
This mortgage has a new rate of 1.99% fixed until 31.5.17, allowing it to maintain a comfortable place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 75% and has absolutely no product fees.
First-time buyers, homemovers and remortgagors with a 25% deposit are all welcome to apply for this deal. All borrowers can profit from an incentive package of free valuation (max £525) while those looking to remortgage can also benefit from free legal fees.
Overpayments by regular payment or lump sum are permitted, granting borrowers some welcome repayment flexibility.
Although this mortgage has had a slight rate increase, it remains a Moneyfacts best buy thanks to its competitive rate and enticing incentive package. Borrowers are also likely to be attracted by the fact that this mortgage has no accompanying product fees, which reduces upfront costs even further. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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