Market Harborough and Leeds building societies have kicked off the New Year by launching new 'best buy' mortgage rates, according to Moneyfacts.
Market Harborough has launched a new three-year discounted variable rate priced at 2.56%.
The deal is available up to 80% LTV on loans between £50,000 and £500,000. It has a £345 fee, of which £250 can be added to the mortgage.
There is also an incentive package, which includes refunded valuation fees (up to a maximum of £300), free accident, sickness and unemployment insurance for three months, and free legal fees on remortgages.
Borrowers make overpayments of up to 10% of the outstanding balance, and may also make underpayments and take payment holidays.
Moneyfacts, which named the deal as a best buy, said: "This highly competitive offering is one of the market-leading rates in its sector. Borrowers will also enjoy a low fee and a great incentive package to minimise any upfront costs."
Leeds Building Society has revamped its 10-year fixed rate mortgage, which is now priced at 4.59% to 31 March 2024.
The deal is available up to 80% LTV for loans up to £500,000. It has a £999 fee, of which £800 can be added to the advance of the mortgage.
Borrowers can make overpayments of up to 10% of the outstanding balance.
Moneyfacts said: "This is currently the only 10-year deal for borrowers who have a 20% deposit. It is a great no-frills product for customers who are looking to guarantee their monthly repayments."
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