‘Outstanding’ mortgage for first-time buyers | Product News - Moneyfacts

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‘Outstanding’ mortgage for first-time buyers

‘Outstanding’ mortgage for first-time buyers

Category: Mortgages
Date: 23/06/2016

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 It is now over 6 months old so the content may be out of date.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 reduced the rates on select mortgages by up to 0.21%. One of the deals to benefit from a rate cut was its three-year fixed mortgage, which has consequently established itself in the charts and won the highest Moneyfacts rating.

The basics…

This mortgage now has an appealing rate of 4.08% fixed until 31.7.19. It is available at a loan-to-value (LTV) of 95% and has absolutely no product fees.

The finer details…

Both first and second-time buyers are able to apply for this competitive deal, which comes with a generous incentive package of free valuation and a £250 rebate. In addition, borrowers can also take advantage of its extensive repayment options: provided certain conditions are met, overpayments, underpayments and payment holidays are all allowed.

Why we like it…

Buyers who have only a modest deposit will be looking to keep their costs to a minimum, and this mortgage will certainly help them to do that. Not only does it boast a competitive rate, but the lack of fees and the enticing incentive package will help to keep upfront costs down. As a result, this deal fully deserves its chart place and its 'outstanding' 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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