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 Any products featured may be withdrawn by their provider or changed at any time.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