New 5-yr fixed mortgage takes top spot | Product News - Moneyfacts

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New 5-yr fixed mortgage takes top spot

New 5-yr fixed mortgage takes top spot

Category: Mortgages
Date: 04/09/2015

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 It is now over 6 months old so the content may be out of date.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 Bank has secured a place on the Moneyfacts charts with its new five-year fixed rate mortgage, which has also earned the top rating from Moneyfacts for its competitive rate and terms.

The basics…

This deal has a rate of 3.39% fixed until 30.11.20 at a loan-to-value (LTV) of 90%, the most competitive rate at this lending level in its sector. A fee of £999 is payable.

The finer details…

This mortgage is open to all borrowers with a modest deposit of 10%. Those looking to remortgage their property can profit from a generous incentive package of free valuation and free legal fees, while all borrowers can benefit from the option to make regular overpayments.

This deal is also available through branches of Clydesdale Bank.

Why we like it…

This newcomer to the market has moved onto the charts straightaway thanks to its attractive rate and terms, something that is sure to interest borrowers with a more modest deposit. Remortgagors especially stand to gain with this deal, as they can benefit from a very enticing incentive package that will help to keep upfront costs down. This is an outstanding mortgage 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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