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Manchester BS impresses with new mortgage

Manchester BS impresses with new mortgage

Category: Mortgages

Updated: 05/05/2011
First Published: 05/05/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Manchester BS has launched a new three year fixed rate mortgage that is a real challenger in its field.

The Fixed Rate Mortgage for house purchase only offers buyers a rate of 4.79% for three years, reverting to 4.99% for the term, a maximum loan-to-value (LTV) of 85%, and a fee £995.

This new three year mortgage from Manchester BS is very competitively priced.

The top rate in this sector is 0.20% lower but has a very high fee. If products with similar fees at maximum 85% loan-to-value are compared, there is only a 0.04% difference between the top rates and this deal.

With a reasonable fee of £995, this may certainly appeal to those looking for a higher LTV, although the lack of any product incentives may count against it.

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 Any products featured may be withdrawn by their provider or changed at any time.