Loughborough Building Society reveals new deals on mortgages

Wednesday, 16 November 2011 04:56

The Loughborough Building Society has announced three new deals on mortgages that are designed to better serve customers in the current economic climate.

It said today (November 16th 2011) that its two-year fixed rate product has had its interest rate slashed from 3.55 per cent to 3.35 per cent, while the equivalent three-year product's rate has been reduced to 3.75 per cent from 3.95 per cent.

Furthermore, customers taking out a two-year discount mortgage at 2.99 per cent will only have to raise 15 per cent of their property's price as a deposit after The Loughborough raised the loan-to-value ratio.

Chief Executive Gary Brebner explained that customers have been expressing demand for lower deposit requirements and better deals on fixed-rate products.

"The society may surprise a few people with its ability to provide good value products to market on a national scale," he added.

Established in 1867, The Loughborough prides itself on its experience and expertise on a wide range of mortgages and savings products.

Use the Myfinances.co.uk comparison tables to find the right mortgage for your circumstances

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