Yorkshire Building Society has introduced a two-year variable tracker mortgage to its range, earning an 'excellent' rating thanks to its competitive rate and terms.
This deal has a variable tracker rate of 2.28% until 31.10.17, the lowest rate currently on offer in its sector. It is available at a loan-to-value (LTV) of 90% and has a fee of £975.
This mortgage is available to all borrowers with a 10% deposit. There are no incentives with this deal, but borrowers are given the opportunity to make overpayments, underpayments and take payment holidays provided certain conditions are met, giving them some welcome flexibility.
This deal has the lowest rate in its sector, which is bound to appeal to borrowers with only a modest deposit. The wide range of flexible repayment options are an additional appealing feature, giving borrowers some extra control over their payments.
Moneyfacts rating: Excellent
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