New 2-yr mortgage heads into the charts | Product News - Moneyfacts

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New 2-yr mortgage heads into the charts

New 2-yr mortgage heads into the charts

Category: Mortgages
Date: 10/03/2016

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 It is now over 6 months old so the content may be out of date.

Leek United Building Society has unleashed a new two-year fixed mortgage onto the market, stealing it a place in the charts and the top accolade thanks to its attractive terms.

The basics…

This mortgage has a competitive rate of 2.09% fixed until 30.6.18, enabling it to take a coveted place among the market-leaders of its sector. It is available at a loan-to-value (LTV) of 90% and has a fee of £995.

The finer details…

This deal is available to all borrowers who have a modest deposit of 10%. There are no incentives attached to this deal, but borrowers are permitted to make overpayments of up to 10% of the mortgage advance.

Why we like it…

Borrowers with small deposits are likely to celebrate the arrival of this newcomer. Not only does it offer a competitive rate, but it also gives borrowers the flexibility to make overpayments and thereby reduce their outstanding balance. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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