Rate reduction gives 5-yr fixed mortgage a boost | Product News - Moneyfacts

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Rate reduction gives 5-yr fixed mortgage a boost

Rate reduction gives 5-yr fixed mortgage a boost

Category: Mortgages
Date: 23/06/2016

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 It is now over 6 months old so the content may be out of date.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 rate on its five-year fixed mortgage by 0.17%, heightening its competitiveness and winning it the top accolade as a result.

The basics…

This mortgage now has a highly competitive rate of 2.22% fixed until 31.7.21, the lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 75% and has a fee of £975.

The finer details…

All borrowers with the necessary deposit are welcome to apply for this mortgage. There is no incentive package, but in its place borrowers are given a myriad of repayment options: overpayments, underpayments and payment holidays are all permitted, provided certain conditions are met.

Why we like it…

Now boasting the lowest rate for its terms, this deal sits comfortably in the Moneyfacts charts. Eligible borrowers are likely to appreciate its cost-effectiveness and the fact that it also gives them substantial control over their repayments. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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