Yorkshire Building Society has given first-time buyers something to celebrate with its introduction of a highly competitive two-year fixed deal, which has swept straight into the Moneyfacts charts and earned the top accolade as a result.
This mortgage has an attractive rate of 3.68% fixed until 30.4.18, enabling it to sit comfortably among its peers. It is available at a loan-to-value (LTV) of 95% and has a fee of £975.
This deal has been designed specifically for first-time buyers who are in possession of a modest deposit of 5%. An enticing incentive package consisting of a £500 rebate upon completion accompanies this deal, and borrowers can also take advantage of a plethora of flexible repayment options: underpayments, overpayments and payment holidays are all permitted, provided certain conditions are met.
This deal has earned the top accolade – and with good reason. Not only does it boast a competitive rate, but it also possesses an enticing incentive package and flexible repayment options, which will appeal to those who are looking for both a cost-effective deal and one that gives them greater control over their repayments. In short, this is an outstanding mortgage that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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