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.
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.
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.
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
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