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