Hanley Economic Building Society has laid down the gauntlet with this new three-year fixed rate mortgage, which has secured itself a coveted place in the Moneyfacts charts and an enviable 'outstanding' rating for its rate and terms.
This mortgage has an eye-catching fixed rate of 2.29% until 31.3.19, allowing it to stake a claim to a spot among the top mortgages of its sector. It is available at a loan-to-value (LTV) of 80% and has a fee of £250.
This deal is on offer to all borrowers in possession of a 20% deposit. A wide-ranging incentive package is available, with all borrowers benefiting from a £250 rebate upon completion and free valuation (max £260). Those looking to remortgage can also profit from free legal fees (max £250).
Overpayments of up to 10% of the outstanding balance are also permitted, giving borrowers some welcome repayment flexibility.
Not only does this mortgage boast a competitive rate and low fee but it also offers borrowers a highly attractive incentive package, which will help to keep upfront costs down. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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