Rate cut gives 3-yr fixed mortgage top rating | Product News - Moneyfacts

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Rate cut gives 3-yr fixed mortgage top rating

Rate cut gives 3-yr fixed mortgage top rating

Category: Mortgages
Date: 02/12/2015

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 It is now over 6 months old so the content may be out of date.

West Brom Building Society has reduced the rate of its three-year fixed mortgage by 0.20%, earning it the top accolade as a result.

The basics…

This mortgage now has a competitive rate of 3.19% fixed until 28.2.19. It is available at a loan-to-value (LTV) of 90% and has a low fee of just £199.

The finer details…

This deal is open to all borrowers who have a modest deposit of 10%, all of whom can benefit from a generous incentive package of free valuation (max £445) and a £500 rebate upon completion. It is also possible to make either regular or lump sum overpayments to reduce the 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.

Why we like it…

The rate reduction to this deal has honed its competitiveness in the market. Not only does it have an eye-catching rate, but those with small deposits will also be pleased by the low rate and the attractive incentive package, which promises to keep upfront costs down. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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