Yorkshire Bank reduces five-year mortgage rate | Product News - Moneyfacts

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Yorkshire Bank reduces five-year mortgage rate

Yorkshire Bank reduces five-year mortgage rate

Category: Mortgages
Date: 17/10/2014

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 It is now over 6 months old so the content may be out of date.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 Bank has reduced rates across the majority of its fixed mortgage range, with the five-year deal enjoying a significant 0.40% reduction which sees it jump up the Moneyfacts charts.

The basics…

Available up to 90% loan-to-value (LTV), this five-year fixed mortgage now has a competitive rate of 4.19%.

The finer details…

The mortgage comes with a fee of £999, as well as a generous incentive package of a refund of one month's mortgage payment for all borrowers. Remortgage customers can also benefit from the addition of free valuation and free legal fees.

It comes with the option of allowing borrowers to make overpayments, underpayments and take payment holidays, offering added flexibility should it be required.

Why we like it…

This rate review has seen Yorkshire Bank's five-year fixed deal dramatically improve its position in the sector, offering a highly competitive choice for those with a small deposit. The generous incentive package only adds to the appeal, and it easily becomes a Moneyfacts best buy.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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