New ‘excellent’ 2-yr fixed mortgage | Product News - Moneyfacts

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New ‘excellent’ 2-yr fixed mortgage

New ‘excellent’ 2-yr fixed mortgage

Category: Mortgages
Date: 30/06/2015

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 It is now over 6 months old so the content may be out of date.

West Brom Building Society has extended its mortgage range with a new two-year fixed rate deal, which has secured an 'excellent' rating as a result of its competitive terms.

The basics…

This mortgage has a rate of 1.99% fixed until 30.9.17, allowing it to sit comfortably in the charts. It is available at a loan-to-value (LTV) of 80% and has a low fee of £199.

The finer details…

House purchase customers are welcome to apply for this mortgage provided they have the necessary 20% deposit. All borrowers can benefit from a generous incentive package of a £500 rebate upon completion and free valuation fees (max £445).

Repayment flexibility is also offered with this mortgage: overpayments by regular or lump sum are permitted, giving borrowers the opportunity to pay down their debt.

Why we like it…

This newcomer has plenty to boast about thanks to its competitive rate, low fee and generous incentive package. This is likely to be a great deal for borrowers who are looking to keep upfront costs down, while the £500 rebate upon completion will help to boost purchasers' wallets post-sale.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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