Yorkshire Building Society five-year mortgage rate cut

www.moneynews.co.uk > Mortgages > Yorkshire Building Society five-year mortgage rate cut

Yorkshire Building Society five-year mortgage rate cut

Mon 18th Jul 2005

A new rate on Yorkshire Building Society's five-year mortgage will be available from July 15th, making it one of the best five-year fixed-rate mortgage deals on the market, according to the UK lender.

The new mortgage features full portability should the borrower wish to move home during the fixed rate period, overpayments of up to ten per cent of the capital each year allowed without charge, early repayment charges only applicable during the fixed rate period and no compulsory insurances.

The home loan product can be secured for a booking fee of £195 and a completion fee of £300, with interest charged daily.

Rachel Court, head of mortgages at the Yorkshire explained: "Our five-year fixed-rate mortgage offers homebuyers, or those just wanting to move their mortgage, a great rate with flexible features and the security associated with a fixed rate mortgage."

Related News : Mortgages
	Brits 'failing to grasp the importance of an interest in mortgages'
	BBA highlights mortgage lending growth
	Are interest-free mortgages a bad idea?
	Buy-to-let mortgages are 'more profitable'
	House price performance to impact lenders' criteria
	More Brits 'to choose long-term mortgages'
	Offset mortgages 'are the future'
	UK house prices 'set to fall'
	Hybrid mortgages 'are a good deal' for FTBs
	UK public expects house price increase