New 3-yr fixed mortgage bounds into the charts | Product News - Moneyfacts

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New 3-yr fixed mortgage bounds into the charts

New 3-yr fixed mortgage bounds into the charts

Category: Mortgages
Date: 14/01/2016

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 It is now over 6 months old so the content may be out of date.

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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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