New discounted mortgage wins 5 stars | Product News - Moneyfacts

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New discounted mortgage wins 5 stars

New discounted mortgage wins 5 stars

Category: Mortgages
Date: 06/01/2015

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 It is now over 6 months old so the content may be out of date.

Darlington Building Society has unveiled a new highly competitive three-year discounted mortgage, which has soared straight into a market-leading position.

The basics…

This deal has a variable rate of 1.94% (4.01% disc) until 30.4.18, which is the market-leading rate for its term in this sector. It is available at a loan-to-value (LTV) of 75% and a competitive fee of just £274 is payable.

The finer details…

This mortgage is available to first-time buyers, homemovers and remortgagors with a 25% deposit. Those living within the building society's local area can benefit from an incentive package of free valuation.

All borrowers can benefit from the option of making an overpayment of up to 10% of the outstanding balance, which grants a degree of flexibility with repayments.

Why we like it…

This deal is a very eye-catching one and is sure to garner interest among borrowers with the right deposit. The rate is market-leading, and with only £274 payable in fees, this mortgage is sure to appeal to those looking to keep upfront costs down. Borrowers living within the local area can benefit even further from the offer of free valuation.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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