Loughborough Building Society has introduced a highly competitive two-year fixed rate mortgage to the market, earning it the top accolade for its eye-catching rate and terms.
This mortgage has a competitive fixed rate of 2.49% for two years. It is available at a loan-to-value (LTV) of 90% and has a fee of £599.
All borrowers in possession of a modest deposit of 10% are welcome to apply for this deal. There are no incentives to further entice borrowers, but they are given the opportunity to make overpayments of up to 10% of their outstanding balance.
Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian Credit Expert to investigate your credit report.
Small deposit-holders are likely to view this new deal with interest as it promises to be very cost-effective. The rate is highly competitive and the fee is more than reasonable, while the option to make overpayments adds a welcome degree of flexibility. 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 Any products featured may be withdrawn by their provider or changed at any time.
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