2-yr fixed mortgage gets top rating | Product News - Moneyfacts

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2-yr fixed mortgage gets top rating

2-yr fixed mortgage gets top rating

Category: Mortgages
Date: 11/05/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Yorkshire Building Society has cut the rates of selected fixed mortgages by up to 0.15%. One of the deals to benefit from a 0.10% reduction was its two-year mortgage, which has been awarded the highest Moneyfacts rating as a result.

The basics…

This deal now has a competitive rate of 1.54% fixed until 31.7.17, available at a loan-to-value (LTV) of 65%. This rate, when combined with its low fee of £475, enables it to take a market-leading position in its sector.

The finer details…

This mortgage is available to house purchase customers with a deposit of 35%. All borrowers can benefit from a £500 rebate upon completion and can take advantage of flexible repayment options, including overpayments, underpayments and payment holidays, provided certain conditions are met.

This mortgage is also available through branches of Chelsea Building Society.

Why we like it…

The rate decrease to this mortgage has heightened its competitiveness and, when combined with the low fee and the enticing incentive package, merits it a well-deserved place at the top of the charts for its sector. This deal is therefore likely to be very appealing to eligible borrowers, who can also manage their payments flexibly thanks to the available options. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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