3-yr mortgage gets a rate cut | Product News - Moneyfacts

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3-yr mortgage gets a rate cut

3-yr mortgage gets a rate cut

Category: Mortgages
Date: 23/02/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rate of its three-year fixed mortgage by an impressive 0.60%, propelling it into the Moneyfacts charts and earning it an 'excellent' rating as a result.

The basics…

This mortgage now has an attractive rate of 2.99% fixed until 30.4.19, enabling it to take a stand in the charts. It is available at a loan-to-value (LTV) of 90% and has absolutely no product fees.

The finer details…

All borrowers with a modest deposit of 10% are welcome to apply for this mortgage, which comes with an enticing incentive package: all applicants can profit from free valuation, while house purchase customers can benefit from a £250 rebate upon completion and remortgagors can take advantage of the offer of free legal fees.

This mortgage also boasts considerable repayment flexibility, with underpayments, overpayments and payment holidays all permitted, provided certain conditions are met.

Why we like it…

The significant rate cut to this deal has honed its competitiveness and ensured that it will stand out from the crowd. Now boasting an attractive rate, the mortgage is further bolstered by its eye-catching incentive package and flexible repayment options, not to mention the absence of any product fees. As a result, it rightly takes its place among the best buys.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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