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Yorkshire’s new discounted variable mortgage

Yorkshire’s new discounted variable mortgage

Category: Mortgages
Date: 17/01/2017

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 It is now over 6 months old so the content may be out of date.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 BS has launched a new two-year discounted variable rate mortgage, which boasts the lowest rate for its terms, thereby comfortably earning a high Moneyfacts rating.

The basics…

This mortgage is priced at a market-leading 1.54% (3.20% disc) to 30.04.2019, at 90% loan-to-value. It comes with an arrangement fee of £1,495.

The finer details…

The deal is offered to all borrowers who have the necessary 10% deposit. It comes with the option to make overpayments by lump sum or regular methods of up to 10% of the outstanding balance per year, and to make underpayments and take payment holidays, provided these don't exceed the level of overpayments.

Why we like it…

Due to its market-leading rate and payment options, this mortgage provides an appealing option for borrowers with a small deposit looking for a discounted variable rate, and as such it has earned itself our high rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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