Top Help to Buy mortgage gets a rate cut | Product News - Moneyfacts

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Top Help to Buy mortgage gets a rate cut

Top Help to Buy mortgage gets a rate cut

Category: Mortgages
Date: 25/11/2015

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 It is now over 6 months old so the content may be out of date.

Woolwich from Barclays has reduced the price of its two-year fixed rate Help to Buy mortgage by 0.20%, securing its place at the very top of the Moneyfacts charts.

The basics…

This mortgage now has a market-leading rate of 3.79% fixed until 31.12.17, enabling it to retain its position at the top of its sector. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.

The finer details…

This deal is available to house purchase customers with a modest deposit of just 5%. Although there are no incentives accompanying this deal, borrowers can benefit from the opportunity to make regular or lump sum overpayments of up to 10% of 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…

This deal already held the crown in its sector but this latest rate cut has confirmed its leading status. Borrowers with only a small deposit are likely to find the newly improved rate an attractive proposition, and when combined with the absence of any product fees whatsoever, this is a highly cost-effective option. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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