5-yr fixed mortgage wins top accolade | Product News - Moneyfacts

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5-yr fixed mortgage wins top accolade

5-yr fixed mortgage wins top accolade

Category: Retirement
Date: 23/10/2015

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 It is now over 6 months old so the content may be out of date.

Leeds Building Society has reduced the price of its five-year fixed rate mortgage by 0.10%, propelling it into the Moneyfacts charts and winning it an 'outstanding' rating.

The basics…

This deal now has a competitive rate of 2.74% fixed until 31.1.21, enabling it to sit comfortably in the charts. It is available at a loan-to-value (LTV) of 80% and has a low fee of £199.

The finer details…

First-time buyers, homemovers and those looking to remortgage are all welcome to apply provided they have a 20% deposit. All borrowers can profit from a generous incentive package of free valuation (max £560), while remortgagors can also benefit from help towards costs.

In terms of repayments, borrowers are given the option to make overpayments and take regular lump sum withdrawals, provided certain conditions are met.

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 CreditExpert to investigate your credit report.

Why we like it…

The reduction to this deal has made it stand out in the market. It now boasts a very competitive rate, and when combined with the low fee, repayment options and the very generous incentive package, this is an attractive all-round deal 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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