Yorkshire Bank has launched a new five year variable mortgage that may stir some interest in the first time buyer market.
The variable mortgage offers 4.99% for term, a maximum loan-to-value of 80%, a fee of £999, and has a flexible offset option. Furthermore, no penalty is payable.
Although not the lowest rate available, no similar deals are currently on offer at this high loan-to-value, making this an attractive proposition, especially for the first time buyer.
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