New 2-yr fixed mortgage unveiled | Product News - Moneyfacts

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New 2-yr fixed mortgage unveiled

New 2-yr fixed mortgage unveiled

Category: Mortgages
Date: 24/08/2015

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 It is now over 6 months old so the content may be out of date.

Loughborough Building Society has launched a new two-year fixed rate mortgage onto the market, snatching a place on the Moneyfacts charts and an 'excellent' rating as a result.

The basics…

This mortgage charges a competitive fixed rate of 2.49% for two years at a loan-to-value (LTV) of 90%. A modest fee of £599 is payable.

The finer details…

This deal is for all borrowers with a modest deposit of 10%. Although there are no incentives, borrowers do have the option to make overpayments of up to 10% of the outstanding balance, giving them some welcome repayment flexibility.

Why we like it…

This mortgage is a competitive entrant in the charts and is sure to attract interest from borrowers with only a modest deposit. The fact that the deal also includes an option to make regular or lump sum repayments further sweetens the deal, ensuring that it merits its place on the charts.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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