Rate reduction for 2-yr fixed mortgage | Product News - Moneyfacts

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Rate reduction for 2-yr fixed mortgage

Rate reduction for 2-yr fixed mortgage

Category: Mortgages
Date: 23/10/2015

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 It is now over 6 months old so the content may be out of date.

Principality Building Society has reduced the price of its two-year fixed rate mortgage by 0.10%, honing its competitiveness and earning it an 'excellent' rating as a result.

The basics…

This deal now has a competitive rate of 2.15% fixed until 31.12.17. It is available at a loan-to-value (LTV) of 85% and has a low fee of just £99.

The finer details…

This deal is open to first-time buyers, homemovers and remortgagors with a 15% deposit. A generous incentive package of free valuation is offered to all borrowers, while those looking to remortgage their property can also benefit from free legal fees.

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 CreditExpert to investigate your credit report.

Why we like it…

The rate cut to this deal has sharpened its competitive edge, and when combined with its low fee, it is an enticing offer for eligible borrowers. The incentive package is also likely to please as it promises to help keep upfront costs to a minimum, particularly for those who are looking to remortgage.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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