Hanley Economic Building Society has launched a highly competitive two-year discounted variable mortgage, which has earned the top accolade for its attractive rate and terms.
This mortgage has a variable rate of 3.79% (1.40% disc) for two years at a loan-to-value (LTV) of 95%, the lowest rate currently available among similar deals. As an added bonus, absolutely no product fees are payable.
This deal is for all borrowers with a modest deposit of just 5%. A generous incentive package of a £250 rebate and a free valuation (max £260) is available to all applicants, while remortgagors can also benefit from free legal fees (max £250).
Repayment flexibility is also offered, with overpayments of up to 10% of the outstanding balance permitted per year.
This deal competes on every level, offering borrowers with only a modest deposit a complete package. The low rate, combined with the absence of any product fees and the highly generous incentive package, make this mortgage a truly cost-effective option, which is likely to strongly appeal to borrowers with a limited budget. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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