Top rating for 3-yr discounted mortgage | Product News - Moneyfacts

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Top rating for 3-yr discounted mortgage

Top rating for 3-yr discounted mortgage

Category: Mortgages
Date: 24/02/2016

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 It is now over 6 months old so the content may be out of date.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 rate on its three-year discounted mortgage by an impressive 0.30%, boosting it into the Moneyfacts charts and earning it the top rating as a result.

The basics…

This mortgage now has a rate of 2.69% (2.30% disc) for three years, allowing it to move comfortably into the charts. It is available at a loan-to-value (LTV) of 90% and has a low fee of £399.

The finer details…

This mortgage is open to all borrowers with a modest deposit of 10%. There is no incentive package accompanying this deal, but borrowers can take advantage of the option to make regular or lump sum overpayments of up to 10% of the outstanding balance.

Why we like it…

The rate reduction has dramatically improved this deal's attractiveness and cemented its place in the charts. Borrowers taking up this deal will not only be able to benefit from a competitive rate but also a low fee, making this a cost-effective option. This is an outstanding mortgage 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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