Tracker mortgage gets 1.15% rate reduction | Product News - Moneyfacts

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Tracker mortgage gets 1.15% rate reduction

Tracker mortgage gets 1.15% rate reduction

Category: Mortgages
Date: 11/12/2014

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 It is now over 6 months old so the content may be out of date.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 its variable tracker mortgages by up to 1.15%, earning one of its deals a four-star review.


The basics…

This particular mortgage has a variable tracker rate of 1.84% until 31.1.17 and is available at a loan-to-value (LTV) of 85%, the lowest rate for its sector. A competitive fee of £975 is payable.


The finer details…

This deal is open to first-time buyers, second-time buyers and remortgagors with a 15% deposit.

Although there is no incentive package, this mortgage offers borrowers the option to make overpayments, underpayments and take payment holidays, giving customers a great deal of repayment flexibility.

The mortgage is also available at the same rate through Chelsea Building Society.


Why we like it…

This mortgage deal has the lowest rate for its sector, which is certainly something to boast about. It also has a reasonable fee, and although there are no incentives, the wide range of repayment options is sure to appeal to borrowers with the right deposit.

Four Moneyfacts Stars have been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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