Clydesdale Bank has reduced the rate of its two-year fixed mortgage by 0.30%, securing it a coveted position on the Moneyfacts charts and winning the top accolade as a result.
This mortgage now has a rate of 2.49% fixed until 31.8.17, the market-leading rate for its sector. It is available at a loan-to-value (LTV) of 90% and has a competitive fee of £999.
This deal is available to all borrowers with a 10% deposit. Those looking to remortgage can benefit from an incentive package of free legal fees and free valuation, while all borrowers can profit from the flexibility of overpayments.
This mortgage is also available from Yorkshire Bank for the same rate and terms.
This mortgage was already a competitive offer, but the rate cut has made it an even more eye-catching choice. Borrowers with only a modest deposit are likely to be attracted by the low rate and the competitive fee, while remortgagors stand to gain a great deal from the highly generous incentive package. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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