New tracker mortgage gets ‘excellent’ rating | Product News - Moneyfacts

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New tracker mortgage gets ‘excellent’ rating

New tracker mortgage gets ‘excellent’ rating

Category: Mortgages
Date: 11/09/2015

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 It is now over 6 months old so the content may be out of date.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 Building Society has introduced a two-year variable tracker mortgage to its range, earning an 'excellent' rating thanks to its competitive rate and terms.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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