New discounted mortgage takes second place | Product News - Moneyfacts

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New discounted mortgage takes second place

New discounted mortgage takes second place

Category: Mortgages
Date: 05/10/2016

Loughborough BS has launched a new two-year discounted variable mortgage deal at 85% loan-to-value (LTV), which storms into the Best Buy chart for its sector to an impressive second place, thereby deservedly earning the highest Moneyfacts rating.

The basics…

This mortgage has a highly competitive variable rate of 1.64% for two years (3.20% disc), which is the lowest in its sector, and comes with a reasonable fee of £499.

The finer details…

The deal is offered to all borrowers with the necessary deposit. It comes with the option to make overpayments, giving borrowers a welcome chance to reduce their overall mortgage debt.

Why we like it…

This deal is has managed to jump to number two in the charts on its market-leading rate alone, but is made even more appealing thanks to its low fee and flexibility, easily earning its rating as a result.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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