Leek United Building Society has introduced a five-year fixed mortgage to the market, instantly gaining it a place in the Moneyfacts charts thanks to its attention-grabbing rate and terms.
This mortgage has a competitive rate of 2.25% fixed until 31.8.21, the lowest rate for its terms, enabling it to gain a firm footing in the charts. It is available at a loan-to-value (LTV) of 75% and has a fee of £995.
All borrowers with the necessary deposit are welcome to apply for this mortgage. There are no incentives offered, but borrowers can make the most of the opportunity to reduce their balance by making overpayments of up to 10% of the mortgage advance per annum.
The attractive rate of this mortgage gives it instant appeal and is sure to get it noticed by borrowers with the right deposit. The fact that it also allows some flexibility in terms of repayments further sweetens the overall package and ensures that it fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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