New five-year mortgage is “outstanding” | Product News - Moneyfacts

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New five-year mortgage is “outstanding”

New five-year mortgage is “outstanding”

Category: Mortgages
Date: 22/07/2016

first direct has launched a new five-year mortgage which has catapulted straight into the Moneyfacts charts with a market-leading rate and outstanding terms.

The basics…

This five-year deal comes with a rate of 2.18% and is available at a loan-to-value (LTV) of 75%, making it the lowest-priced deal in its sector. It has absolutely no product fees.

The finer details…

The deal is offered to all borrowers with the necessary deposit. It comes with a generous incentive package of free valuation as well as free legal fees for remortgage customers, and it also gives borrowers the chance to make regular or lump sum overpayments.

Why we like it…

This new mortgage has stormed into the charts with a market-leading rate, and this, together with its generous incentive package, added flexibility and complete lack of fees, secures its status as a Moneyfacts best buy. This is an outstanding product that fully deserves the highest Moneyfacts rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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