New 3-yr mortgage gets top rating | Product News - Moneyfacts

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New 3-yr mortgage gets top rating

New 3-yr mortgage gets top rating

Category: Mortgages
Date: 10/04/2015

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 It is now over 6 months old so the content may be out of date.

Chelsea Building Society has unleashed a new three-year fixed mortgage onto the market, earning it the highest accolade for its competitive rate and terms.

The basics…

This mortgage has a highly competitive rate of 3.44% fixed until 30.4.18, which allows it to take a comfortable place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 90% and has a competitive fee of £475.

The finer details…

This deal is only open to house purchase borrowers with a modest deposit of 10%. A similar product for remortgage customers is also available.

First and second-time buyers with the right deposit can benefit from an incentive package of a £500 rebate, while those looking to remortgage can profit from free legal fees and free valuation.

All borrowers can take advantage of a range of repayment options, with overpayments, underpayments and payment holidays all accepted as long as certain conditions are met.

Why we like it…

This deal truly deserves its best buy status – not only does it boast an attractive rate and competitive fee, but it also offers borrowers an attractive incentive and a wide range of repayment options. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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