Newcastle Building Society has reduced the rate on its three-year fixed mortgage by a significant 0.10%, earning it a well-deserved 'outstanding' rating and a place in the Moneyfacts charts.
This deal now has a rate of 1.99% fixed until 31.7.19, the lowest rate currently offered in this sector. It is available at a loan-to-value of (LTV) 80% and has a new lower fee of £698.
All borrowers with a 20% deposit are welcome to apply for this mortgage, which comes with the option to make lump sum or regular overpayments.
Now offering the lowest rate in its sector, this deal has clambered into the charts thanks to its highly competitive rate and smaller fee. Borrowers with the right deposit are therefore likely to pay a great deal of attention, particularly as it also offers the freedom to make overpayments. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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