Reduced rate for discounted mortgage | Product News - Moneyfacts

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Reduced rate for discounted mortgage

Reduced rate for discounted mortgage

Category: Mortgages
Date: 27/01/2015

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 It is now over 6 months old so the content may be out of date.

Loughborough Building Society has reduced the price of its three-year discounted mortgage by 0.40%, reinforcing its position in the Moneyfacts charts.

The basics…

This mortgage now has a variable rate of 2.99% for three years, which allows it to keep a top 10 place in its sector. It is available at a loan-to-value (LTV) of 90% and a low fee of £399 is payable.

The finer details…

First-time buyers, homemovers and remortgagors with a 10% deposit are all welcome to apply for this deal. Although there are no incentives with this mortgage, borrowers do have the opportunity to make overpayments of up to 10% of the outstanding balance, giving them some welcome flexibility.

Why we like it…

This mortgage was already a Moneyfacts best buy, but this latest rate decrease has boosted its appeal even further. The rate is very competitive and will appeal to those with a more modest deposit, as will the low fee, which will help to keep initial costs down.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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