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.
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.
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.
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
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