Yorkshire BS has laid down the gauntlet to the rest of the mortgage market with the introduction of two new two year fixed rate mortgages.
Both products offer a cashback incentive of 1% of the advance, while the best rate on offer is 3.89% to 28 February 2012, and is available up to £250K advance for house purchase only.
While not the market leading rate at 75% loan-to-value, a low fee of £495 in combination with the cashback incentive of between £250 and £2,500 (depending on the advance), makes this product excellent value for money.
A terrific option for borrowers with a 25% deposit looking to purchase a home, this product earns the maximum five out of five Moneyfacts stars.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.