New discounted mortgage gets 5 stars | Product News - Moneyfacts

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New discounted mortgage gets 5 stars

New discounted mortgage gets 5 stars

Category: Mortgages
Date: 08/01/2015

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 It is now over 6 months old so the content may be out of date.

Hanley Economic Building Society has unveiled a new two-year discounted mortgage, which has gone straight into the Moneyfacts charts.

The basics…

This deal has a variable rate of 1.89% (3.30% disc) for two years. It is available at 80% loan-to-value (LTV) and has absolutely no product fees.

The finer details…

This mortgage is only available to those looking to remortgage with a 20% deposit. All borrowers can benefit from an incentive package of free valuation up to £260 and free legal fees of up to £250.

Borrowers also have the option to make overpayments of up to 10% of the outstanding balance per year, granting some welcome repayment flexibility.

Why we like it…

This mortgage boasts an attractive rate, but the absence of any fees makes it a particularly competitive offer in this sector. The incentive package is also very appealing and will help to keep upfront costs down.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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