Yorkshire BS has launched a new mortgage that should greatly appeal to potential first time buyers (FTBs) with a 15% deposit.
The mortgage has a rate of 5.99% to 28.2.15, a maximum loan-to-value of 85% and no fee. There are also incentives of free valuation, free legal fees and a £500 rebate.
This eye-catching mortgage is sure to appeal, as incentives aimed at this market are usually limited and fee free options rare. The lowest rate currently in the sector is 5.50%, but carries a £999 fee and has no incentives.
This FTB mortgage has been awarded four out of five Moneyfacts stars.
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