3-yr mortgage gets reduced rate and 4 stars | Product News - Moneyfacts

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3-yr mortgage gets reduced rate and 4 stars

3-yr mortgage gets reduced rate and 4 stars

Category: Mortgages
Date: 22/12/2014

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 It is now over 6 months old so the content may be out of date.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 Bank has reduced selected mortgage rates, boosting their competitiveness in the market. One of the deals to benefit was its three-year fixed rate mortgage, which has been reduced by 0.10%.


The basics…

Now priced at 3.44%, fixed until 31.3.18, this mortgage boasts one of the lowest rates in its sector. It is available at 90% loan-to-value (LTV) and a competitive fee of £999 is payable.


The finer details…

First-time buyers, homemovers and remortgagors with a 10% deposit are all welcome to apply for this deal. However, a minimum advance of £150,000 is necessary.

All borrowers can benefit from a generous £1,000 rebate upon completion, while those looking to remortgage can also profit from free legal fees and free valuation. Borrowers are also given the option to make overpayments, which offers some welcome repayment flexibility.

This deal is also available with the same rate and terms through Clydesdale Bank.


Why we like it…

This mortgage is ideal for first-time buyers and those with a small deposit. The rate is very attractive and the deal is sweetened by a very generous incentive package, with remortgagors gaining a particularly large number of benefits. However, the requirement of a £150,000 minimum advance may limit this mortgage's appeal to some.

Four Moneyfacts Stars have been awarded.

What Next?

To find out more about this product call 0845 619 0750.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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