‘Outstanding’ mortgage gets rate reduction | Product News - Moneyfacts

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‘Outstanding’ mortgage gets rate reduction

‘Outstanding’ mortgage gets rate reduction

Category: Mortgages
Date: 13/02/2015

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 It is now over 6 months old so the content may be out of date.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 reduced the rates of selected mortgages by up to 0.55%. One of the deals to benefit was its two-year fixed rate product, which has earned an 'outstanding' rating as a result.

The basics…

This mortgage now has a highly competitive rate of 1.79% fixed until 30.4.17, enabling it to take a place among the best buys. It is available at a loan-to-value (LTV) of 75% and has a competitive fee of £475.

The finer details…

All borrowers with a 25% deposit are welcome to apply for this mortgage. As an incentive, house purchasers are given a £500 rebate upon completion while remortgagors can benefit from free valuation and free legal fees.

Borrowers are also given a great deal of flexibility in terms of their repayments; overpayments, underpayments and payment holidays are all permitted provided certain conditions are met.

Why we like it…

This mortgage stands out as an attractive choice thanks to its competitive rate and fee. The additional bonuses of a generous incentive package and a wide range of repayment options further add to this deal's widespread appeal, ensuring its status as a best buy. This is an outstanding product that fully deserves the highest Moneyfacts 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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