New FTB chart entry | Product News - Moneyfacts

Product News

New FTB chart entry

New FTB chart entry

Category: Mortgages
Date: 31/08/2016

Melton Mowbray BS has reduced its three-year discounted variable rate mortgage deal by 0.50%, which sees it enter the Best Buy chart for first-time buyers (FTBs) and at the same time comfortably earns it an outstanding rating.

The basics…

This mortgage now boasts a rate of 3.19% (1.80% disc) at 95% loan-to-value (LTV). It is fee-free.

The finer details…

The deal is offered to house purchase customers with a deposit of just 5%. It comes with the option to make overpayments, and the incentive package includes the offer of help towards legal fees.

Why we like it…

The reduced rate on this mortgage deal, combined with its fee-free status and added incentives, has made it attractive enough to first-time buyers to earn a place in the Best Buy charts for its sector as well as 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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