West Brom Building Society has introduced a two-year fixed rate deal to its mortgage range, and thanks to its highly competitive and eye-catching rate and terms, it has not only earned a place in the Moneyfacts charts, but also the top rating.
This mortgage has a competitive rate of 2.09% fixed until 30.11.17. It is available at a loan-to-value (LTV) of 80% and has an attractive fee of £199.
The finer details…
This deal is for house purchase customers only who have a 20% deposit. An enticing incentive package of free valuation and a £500 rebate is offered, while all borrowers can also take advantage of the option to make regular and lump sum overpayments.
Why we like it…
The competitive rate, combined with the other attractive features of this deal, combine to make it a serious competitor in the market. Borrowers looking to keep upfront costs down will be pleased by the low fee and generous incentive package, while those who also want a little repayment flexibility will welcome the option to make overpayments. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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