One of several 5 year fixes, Yorkshire BS launched a 2.03% mortgage at 85% loan to value (LVT) on March 1, 2018. The fee for this mortgage is only £995. In addition, the company will also be offering two five year fixed mortgages at 1.77% and 1.97% with a 65% LVT, both priced at £1495.
According to Janice Barber, Yorkshire BS’ mortgage manager, these mortgages will appeal to those who wish to secure a low rate until 2023, which should be excellent news for homebuyers.
It’s a competitively low rate with a lower fee than the next cheapest option on the market, making this a great pick for Rachel Springall, finance expert on moneyfacts.co.uk. She says this is a wonderful choice for those borrowers with a 15% deposit or equity looking to secure payments over the long term.
Accord Mortgages, Yorkshire’s intermediary arm, added a 60% LTV deal going at 1.59%, an 80% LTV deal at 1.79%, and a 90% LTV at 2.09%. These are based on SVR discounts of 3.40%, 3.20%, and 2.90%, respectively.
Key Takeaways:
- Yorkshire BS added a five year mortgage option to its portfolio of offerings.
- The new mortgage options carries a fee of 995 pounds.
- The new offering by Yorkshire BS will allow homeowners the opportunity to secure a low rate for a longer period of time.
“we’ve also made changes across our range to give a number of homebuyers and those remortgaging welcome news this January”
Read more: https://www.mortgagesolutions.co.uk/news/2018/01/03/yorkshire-bs-launches-2-03-five-year-fix/