‘Outstanding’ mortgage at 95% LTV | Product News - Moneyfacts

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‘Outstanding’ mortgage at 95% LTV

‘Outstanding’ mortgage at 95% LTV

Category: Mortgages
Date: 16/03/2016

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 It is now over 6 months old so the content may be out of date.

Hanley Economic Building Society has reduced the rate on its two-year fixed mortgage by 0.14%, enhancing its position in the Moneyfacts charts as a result.

The basics…

This mortgage now has a competitive rate of 3.65% fixed until 31.5.18, enabling it to move up the charts. It is available at a loan-to-value (LTV) of 95% and has a low fee of £250.

The finer details…

First-time buyers who have only a modest deposit of 5% are welcome to apply for this mortgage. The deal comes with an extensive incentive package: all borrowers can profit from the offer of free valuation (max £260) as well as a £250 rebate.

In addition, borrowers are welcome to make overpayments of up to 10% of the outstanding balance.

Why we like it…

Reducing the rate on this deal has heightened its competitiveness. It now boasts an even more attractive rate, which is bolstered by the inclusion of a very generous incentive package that will benefit all applicants. Borrowers are also likely to appreciate the option to make overpayments, which gives them greater control over their repayments. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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