Yorkshire Five-Year Fixed-Rate Offset Plus mortgage "could help FTBs"

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www.moneynews.co.uk > Yorkshire Five-Year Fixed-Rate Offset Plus mortgage "could help FTBs"

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Yorkshire Five-Year Fixed-Rate Offset Plus mortgage "could help FTBs"

A Yorkshire Five-Year Fixed-Rate Offset Plus mortgage could offer a helpful option to first-time buyers (FTBs), the lender has claimed today.

The mortgage is available at up to 100 per cent loan-to-value (LTV) for a rate of 5.59 per cent or up to 95 per cent LTV for 5.49 per cent and also allows parents or other relatives to offset their savings in the package.

A choice of 0.6 per cent loan value cashback or free legal fees and valuation fees as well as six months free mortgage payment insurance are also incorporated into the Yorkshire Five-Year Fixed-Rate Offset Plus mortgage deal.

The lender claims that deals such as this and its Fresh Start range, which has a six-month interest free period, could help FTBs to "overcome many of the financial hurdles they face".

"Our research also shows how many [FTBs] do not fully understand the actual cost and process of purchasing a home," said Tanya Jackson, media relations manager at Yorkshire.

"We have reviewed our income multiples and offer a set of products and services aimed at providing advice and practical assistance that will help first-time buyers to overcome these hurdles and make their goal a little easier to attain."

Income multiples of up to 4.75 on a customer's salary are now available on Yorkshire Fresh Start and FTB products, depending on customer circumstances.