Hanley Economic BS has introduced a new five-year fixed rate mortgage at 80% loan-to-value (LTV), a fee-free deal which offers the lowest rate in its sector, thereby comfortably earning it an outstanding rating.
This mortgage boasts a rate of 2.35%, fixed to 30.11.2021, making it the market-leader for its terms. There are no fees payable.
The deal is offered to all borrowers with a 20% deposit. It comes with a generous incentives package including free valuation (max £260), with house purchase customers furthermore able to enjoy a £250 rebate and remortgage customers able to profit from free legal fees (max £250). It also comes with the option to make overpayments by lump sum or regular methods, up to 10% of the outstanding balance per year.
This mortgage has a lot of attractive features to recommend itself, including the lowest rate for its terms and the complete absence of fees. Together with the added incentives, it fully deserves the highest Moneyfacts rating.
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