Rate reduction for ‘excellent’ 3-yr fixed mortgage | Product News - Moneyfacts

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Rate reduction for ‘excellent’ 3-yr fixed mortgage

Rate reduction for ‘excellent’ 3-yr fixed mortgage

Category: Mortgages
Date: 27/10/2015

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 It is now over 6 months old so the content may be out of date.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 price of its three-year fixed rate mortgage by 0.10%, cementing its position on the Moneyfacts charts and earning it an 'excellent' rating as a result.

The basics…

This mortgage now has a competitive rate of 2.39% fixed until 31.1.19, enabling it to sit comfortably in the charts. It is available at a loan-to-value (LTV) of 85% and has a fee of £975.

The finer details…

This deal is open to all borrowers with a 15% deposit. Although there is no incentive package accompanying it, borrowers are given a considerable amount of repayment flexibility, with overpayments, underpayments and payment holidays all accepted provided certain conditions are met.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

Borrowers looking for a competitive fixed rate mortgage are likely to welcome this rate reduction, which has made this deal an even more attractive option. The array of repayment options also mean that borrowers will have a considerable amount of control over how they manage their balance, provided they meet the conditions.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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