New 3-yr fixed mortgage gets the top rating | Product News - Moneyfacts

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New 3-yr fixed mortgage gets the top rating

New 3-yr fixed mortgage gets the top rating

Category: Mortgages
Date: 14/08/2015

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 It is now over 6 months old so the content may be out of date.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 launched a new three-year fixed rate mortgage onto the market, winning an 'outstanding' rating and a place in the Moneyfacts charts as a result.

The basics…

This three-year deal has a rate of 3.05% fixed until 31.10.18, the lowest rate currently available in its sector. It is available at a loan-to-value of 90% and has a fee of £1,475.

The finer details…

First-time buyers, homemovers and remortgagors with a modest deposit of 10% are all welcome to apply for this mortgage. Although there is no incentive package available, borrowers do get considerable repayment flexibility: overpayments, underpayments and payment holidays are all permitted, giving borrowers a great deal of control over their payments.

Why we like it…

Borrowers with a more modest deposit are likely to view this new deal with interest, particularly because it currently offers the lowest rate for its sector. The wide range of repayment options also adds appeal and more than makes up for the lack of additional incentives. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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