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.
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.
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.
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
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