Yorkshire Building Society has amended selected mortgage rates, with its five-year fixed deal for house purchasers receiving a 0.30% reduction, enabling it to win an 'outstanding' rating.
This mortgage has a competitive rate of 4.89% fixed to 31.7.20. It is available at a loan-to-value (LTV) of 95% and has a low fee of £130.
This deal is only open to house purchase customers with a modest deposit of 5%. All borrowers can benefit from a generous incentive package of free valuation and a £250 rebate upon completion.
Borrowers are also given a great deal of repayment flexibility, with overpayments, underpayments and payment holidays all permitted provided certain conditions are met.
For borrowers looking for a competitive mortgage to fund their house purchase dreams, this deal is an eye-catching option. The low fee, enticing incentive package and highly flexible repayment options all serve to make this mortgage an attractive offer that will appeal to those with only a modest deposit. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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