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