Yorkshire building society is offering a two-year fix at 0.99%.
The deal is available up to 75% loan-to-value (LTV) – i.e. if you have a 25% deposit.
According to Moneyfacts this is the lowest two-year fixed deal at 75% LTV mortgage on the market.
However, you need to factor in an arrangement fee of £1,495.
To work out of this is the best deal for you, you need to add up the monthly payments over two years (i.e. 24 x your monthly payment) plus the £1,495 fee. Then compare it to other deals using the same calculation.
As a general rule, the bigger your mortgage the more important the rate and the less important the fee, and vice versa.
The deal comes with a free valuation. It’s available to both house purchase and remortgage borrowers.
10 comments
thermomonkey
28 Sep 17#1
75%? Wow. I assumed this would be 60% LTV. Very good deal, thanks OP.
Sukh
28 Sep 17#2
Hotttt!
The_IMF
28 Sep 17#3
Wow what a deal! Unfortunately for me the exit fees from my mortgage make this not worth my while :disappointed:
airdsuk
28 Sep 17#4
Tied up and paid off my (small) morgage off in March after 25 years, without incident to YBS, and was then charged £160 to get my deeds back. Took about 2 or 3 months, and they arrived without even a 'Thank You' for my business - ie their interest - for the last 25 years. Not impressed.
morrig to airdsuk
28 Sep 17#5
Thank you from a Bank , what do you think they are , they are certainly not a charity. You have seen Mary Poppins .
BenLoco to airdsuk
28 Sep 17#6
Have you thanked them for allowing you the means to buy your house? It's a mutual relationship where both parties benefit after all.
airdsuk to BenLoco
29 Sep 17#8
Er-r that was their interest over 25 years! Wouldn't have cost anything for a bit of politeness to a reliable, long term customer. But they've blown it, savings accounts are now elsewhere.
petermcgregor14 to airdsuk
29 Sep 17#9
:thumbsup:
Do you think the bank your with now would have said thank you either? Just look for the best deal for yourself and stick there regardless of a thank you or not, a good deal is greater than a thankyou
dimuc
28 Sep 17#7
He would have thanked them with all the interest he paid! It wouldnt cost the bank a penny to say Thank You :smile:
BenLoco to dimuc
29 Sep 17#10
By that logic they thanked him by lending him the money.
I know a lot of people who'd be thankful if they were able to get a mortgage in the first place, with any bank. For them it's personally important, for a bank it's just business. Look at it that way and you should be happy instead of disappointed with such a small issue.
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Opening post
Yorkshire building society is offering a two-year fix at 0.99%.
The deal is available up to 75% loan-to-value (LTV) – i.e. if you have a 25% deposit.
According to Moneyfacts this is the lowest two-year fixed deal at 75% LTV mortgage on the market.
However, you need to factor in an arrangement fee of £1,495.
To work out of this is the best deal for you, you need to add up the monthly payments over two years (i.e. 24 x your monthly payment) plus the £1,495 fee. Then compare it to other deals using the same calculation.
As a general rule, the bigger your mortgage the more important the rate and the less important the fee, and vice versa.
The deal comes with a free valuation. It’s available to both house purchase and remortgage borrowers.
10 comments
Do you think the bank your with now would have said thank you either? Just look for the best deal for yourself and stick there regardless of a thank you or not, a good deal is greater than a thankyou
I know a lot of people who'd be thankful if they were able to get a mortgage in the first place, with any bank. For them it's personally important, for a bank it's just business. Look at it that way and you should be happy instead of disappointed with such a small issue.