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
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.
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
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:
Sukh
28 Sep 17#2
Hotttt!
thermomonkey
28 Sep 17#1
75%? Wow. I assumed this would be 60% LTV. Very good deal, thanks OP.
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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
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.
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