5-yr fixed rate mortgage gets top marks | Product News - Moneyfacts

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5-yr fixed rate mortgage gets top marks

5-yr fixed rate mortgage gets top marks

Category: Mortgages
Date: 15/01/2015

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 It is now over 6 months old so the content may be out of date.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 amended selected fixed rates among its mortgage range. One of the deals to benefit was its five-year fixed rate offer, which received a 0.55% reduction, earning it a five-star review.


The basics…

This mortgage now has a rate of 2.34% fixed until 30.04.20, earning it a coveted place in the Moneyfacts charts. It is available at a loan-to-value (LTV) of 65% and has a competitive fee of £975.


The finer details…

Applications from first-time buyers, homemovers and remortgagors with a 35% deposit are all welcomed. Although this deal does not come with an incentive package, it does offer a great deal of repayment flexibility with overpayments, underpayments and payment holidays all permitted, provided certain conditions are met.


Why we like it…

This latest rate reduction has given this mortgage a definite boost, something that is sure to attract those with the right deposit. Borrowers are also likely to be pleased by the flexible repayment options on offer, which enhance the competitiveness of this deal even further.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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