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.
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 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.
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.
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