Loughborough BS has launched a new three-year fixed rate mortgage onto the market which has stormed straight into the Moneyfacts best buys thanks to its highly competitive rate and terms.
This mortgage is priced at 2.69% for three years and comes with a fee of £499. It's available at a loan-to-value (LTV) of 90%.
The deal is offered to all borrowers with a deposit of just 10%. As an added bonus it comes with flexibility in the form of allowing lump sum and regular overpayments, allowing customers to reduce their mortgage balance by up to 10% per year, provided certain conditions are met.
This new mortgage has comfortably taken hold of the charts thanks to its eye-catching rate and added flexibility, which together with the reasonable fee, will make this an appealing choice for many. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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