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.
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.
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.
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
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