New Year mortgage deals from The Loughborough
Back to News & ViewsThe Loughborough Building Society has unveiled a range of highly competitive fixed rate and discount mortgage products.
It has added two new mortgage products and also increased the LTV (loan to value) on selected fixed rate mortgages, providing borrowers and first-time home buyers with a wider choice of loan options.
The Society has increased the maximum LTV of its current 2 year and 3 year fixed rate products from 80% to 85%, and also introduced a new 5 year fixed rate product with a maximum LTV of 80%.
A new 3 year, 1.50% discount mortgage is also now available for all new purchases and re-mortgages, and features a maximum 85% LTV and a highly competitive pay rate of 3.49% (4.9% APR). This product also complements the Society's extremely popular 3 year 1% discount product that features up to 90% LTV with a competitive pay rate at 3.99% (5.0% APR).
This is great news for first-time home buyers keen to get their foot on the property ladder with selected loans available up to 90% of the property value, and current homeowners who want to save money on better mortgage rates.
The Loughborough’s mortgage deals provide borrowers with solutions and access to a great choice of competitive rates and deals.
Many of the Society’s mortgages feature in the national best buy tables against larger banks and societies, for example, the 2 year fixed product offers a competitive pay rate of 3.35% (5.0% APR) with an 85% LTV maximum. This rate featured in the top ten against leading competitors.
Gary Brebner, CEO of The Loughborough, says “Our new deals and products offer more benefits and competitive options to customers, including loans for first-time buyers up to 90% of the property value, a range of fixed rate mortgages over 2 year, 3 year and 5 year terms and additional competitive discount products.”
For more details of The Loughborough’s new mortgage deals and products, customers can visit their local branch or telephone the Mortgage team on 01509 631950. The Society’s professional and friendly mortgage team will be available to talk through the best options available.
All mortgages are suitable for existing homeowners, first-time buyers and people wishing to switch mortgage providers.