‘Outstanding’ 2-yr fixed mortgage | Product News - Moneyfacts

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‘Outstanding’ 2-yr fixed mortgage

‘Outstanding’ 2-yr fixed mortgage

Category: Mortgages
Date: 15/04/2015

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 It is now over 6 months old so the content may be out of date.

Leek United Building Society has launched a highly competitive two-year fixed rate mortgage onto the market, earning it the highest accolade for its attractive rate and terms.

The basics…

This mortgage has a competitive rate of 2.69% fixed until 31.7.17, available at a loan-to-value (LTV) of 90%. A fee of £995 is payable.

The finer details…

This deal is open to first-time buyers, homemovers and remortgagors with a modest 10% deposit. All borrowers can profit from an incentive package of refunded valuation fees, subject to a maximum property value of £500,000.

There is also the option to make overpayments of up to 10% of the mortgage advance per year, giving borrowers some welcome repayment flexibility.

Why we like it…

This product's launch is unlikely to go unnoticed by eager borrowers with a modest deposit. Not only does it boast a competitive rate, but it also offers borrowers the chance to make overpayments and recoup their valuation costs. As such, this is likely to be a cost-effective choice. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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