New 2-yr fixed rate mortgage gets top marks | Product News - Moneyfacts

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New 2-yr fixed rate mortgage gets top marks

New 2-yr fixed rate mortgage gets top marks

Category: Mortgages
Date: 24/02/2015

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 It is now over 6 months old so the content may be out of date.

Santander has added to its range of fixed rate mortgage products with a new two-year deal, which has been awarded the highest accolade of 'outstanding' for its competitive features.

The basics…

This deal has a rate of 2.29% fixed until 2.5.17, earning it a place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 80% and has absolutely no product fees.

The finer details…

First-time buyers, homemovers and those looking to remortgage are welcome to apply for this deal provided they have a 20% deposit. All borrowers can benefit from an incentive package of free valuation (max £1,190), while remortgagors can also profit from the offer of free legal fees or a £250 rebate.

Overpayments of up to 10% of the outstanding balance are accepted, giving borrowers some welcome repayment flexibility.

Why we like it…

This mortgage offers borrowers an eye-catching rate, which is enhanced by the incentive package. Those looking to keep costs down are likely to be particularly drawn to this offer, as the incentives and the absence of any product fees will help keep initial costs to a minimum. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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