Discounted mortgage gets rate decrease | Product News - Moneyfacts

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Discounted mortgage gets rate decrease

Discounted mortgage gets rate decrease

Category: Savings
Date: 15/01/2015

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 It is now over 6 months old so the content may be out of date.

Loughborough Building Society has reduced the rate of its three-year discounted mortgage, enhancing its status as a Moneyfacts best buy.

The basics…

This mortgage has a new variable rate of 2.09% (2.90% disc), which has boosted its competitiveness. It is available at a loan-to-value (LTV) of 80% in England & Wales and at an LTV of up to 85% in the East Midlands. No fees are payable.

The finer details…

This mortgage is available to first-time buyers, homemovers and remortgagors living in England & Wales. Although there isn't an incentive package, borrowers do have the option of making overpayments of up to 10% of the outstanding balance, which adds some welcome flexibility.

Why we like it…

The rate reduction has enhanced the appeal of this mortgage, something that is sure to get noticed by eager borrowers. The absence of any product fees and the option to make overpayments are added bonuses and ensure the continued status of this mortgage as a Moneyfacts best buy.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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