2 yr fixed rate mortgage @ 1.29% for 75% LTV @ Yorkshire building society
295°Expired

2 yr fixed rate mortgage @ 1.29% for 75% LTV @ Yorkshire building society

33
Found 20th Jun 2015
Available to first time buyers, moving home and those looking to remortgage.

33 Comments

Huge fee
Edited by: "therudders" 20th Jun 2015

therudders

Huge fee



Worth doing the sums. If you had the choice of a £200k repayment mortgage at 2.49% with no fees over 25 years or this deal, this deal works out cheaper, assuming the legals and valuation are the same.

Monaco Blue

Worth doing the sums. If you had the choice of a £200k repayment … Worth doing the sums. If you had the choice of a £200k repayment mortgage at 2.49% with no fees over 25 years or this deal, this deal works out cheaper, assuming the legals and valuation are the same.


i may be wrong, but this is fixed for 2 years not 25.
is the saving not lost with the initial payment
Edited by: "markchambers" 20th Jun 2015

markchambers

i may be wrong, but this is fixed for 2 years not 25.is the saving not … i may be wrong, but this is fixed for 2 years not 25.is the saving not lost with the initial payment



I would take the cost of the mortgage over 25 years (assuming that's how long you wish to take it on for). After two years you woud normally switch rather than go onto the SVR. The £975 would divide over 24 months and add that to the monthly payments due on the 1.29% rate, it is substantially cheaper.

Monaco Blue

I would take the cost of the mortgage over 25 years (assuming that's how … I would take the cost of the mortgage over 25 years (assuming that's how long you wish to take it on for). After two years you woud normally switch rather than go onto the SVR. The £975 would divide over 24 months and add that to the monthly payments due on the 1.29% rate, it is substantially cheaper.


ive just worked it out u may be correct, over the 2 year period u would save money against a 2,5% mortgage with no fees.

markchambers

ive just worked it out u may be correct, over the 2 year period u would … ive just worked it out u may be correct, over the 2 year period u would save money against a 2,5% mortgage with no fees.



There would be no point to these mortgages if it wasn't the case. The more you are borrowing the more appealing these mortgages are. That's why HSBC offer 0.99% but with a 2k arrangement fee.

I've just signed up for 1.39% with a 495 fee (santander). It was the cheapest over the 2 year term I could find.
Edited by: "delusion" 20th Jun 2015

Be careful with these guys, they withdrew my offer and kept my fees after I queried some wording that they had written on the offer.
I am currently preparing an ombudsman submission, I wish I had googled them before applying as their customer service has been dreadful.

CrazyBob

Be careful with these guys, they withdrew my offer and kept my fees after … Be careful with these guys, they withdrew my offer and kept my fees after I queried some wording that they had written on the offer.I am currently preparing an ombudsman submission, I wish I had googled them before applying as their customer service has been dreadful.



i have just had a big payout from the Financial Ombudsman re Sh*tty Santander.

The more problems you list for them, they award you money per problem, so try to write a long list of separate problems relating to your incident if you can.

I complained about seeing a Santander Mortgage Advisor who knew NOTHING about mortgages whatsoever and gave me rates that didn't exist!


CrazyBob

Be careful with these guys, they withdrew my offer and kept my fees after … Be careful with these guys, they withdrew my offer and kept my fees after I queried some wording that they had written on the offer.I am currently preparing an ombudsman submission, I wish I had googled them before applying as their customer service has been dreadful.



I found their customer service to be brilliant. I liked only ever having to deal with one person throughout the whole process who constantly kept me updated. I suppose not all experiences as the same though.

Great deal....such a pity I dont live near Yorkshire....:(

Great deal would save me £100 a month on my current deal. Minus the product fee a £1400 saving over the 2 years.
Edited by: "JaMoUsE" 21st Jun 2015

Banks are businesses. They're here to make money. The fact that these details exist, at these low rates, tells you exactly where interest rates are going over the next few years - nowhere.

Britain cannot repay its debts if interest rates rise - look to Japan and their interest rates....history simply repeating itself..
Edited by: "pikeybaby" 21st Jun 2015

Banned

hannaoptimus

I found their customer service to be brilliant. I liked only ever having … I found their customer service to be brilliant. I liked only ever having to deal with one person throughout the whole process who constantly kept me updated. I suppose not all experiences as the same though.



goldengirlz

i have just had a big payout from the Financial Ombudsman re Sh*tty … i have just had a big payout from the Financial Ombudsman re Sh*tty Santander. The more problems you list for them, they award you money per problem, so try to write a long list of separate problems relating to your incident if you can.I complained about seeing a Santander Mortgage Advisor who knew NOTHING about mortgages whatsoever and gave me rates that didn't exist!



Did you actually take out a (bad) product and lose out in some way or did you get compensation purely for bad advice?

Might be worth a visit!

Hi, I want to remortgage but still have seven months remaining with my current bank. Do you think I can apply for this offer and start after six month'?

Monaco Blue

Worth doing the sums...



This is one of the best mortgage calculators I've come across, it allows you to do a quick comparison between two different mortgage options: locostfireblade.co.uk/spr…tml

CrazyBob

Be careful with these guys, they withdrew my offer and kept my fees after … Be careful with these guys, they withdrew my offer and kept my fees after I queried some wording that they had written on the offer.I am currently preparing an ombudsman submission, I wish I had googled them before applying as their customer service has been dreadful.



Second this comment. We experienced the same. Would never use YBS again.

gmschuple

Hi, I want to remortgage but still have seven months remaining with my … Hi, I want to remortgage but still have seven months remaining with my current bank. Do you think I can apply for this offer and start after six month'?



Usually you need to be within 3 months of wanting to complete the mortgage

delusion

Usually you need to be within 3 months of wanting to complete the mortgage



Is this the case for current YBS mortgage customers? can you be within three months of your current deal ending? Does anyone know?

Banned

Famine

Is this the case for current YBS mortgage customers? can you be within … Is this the case for current YBS mortgage customers? can you be within three months of your current deal ending? Does anyone know?



YBS ---> YBS rule for fixed mortgages (and no doubt others) is within 3 months.

If you are switching mortgage provider, they won't let you go penalty-free until completion of term.

Shaydog

Great deal....such a pity I dont live near Yorkshire....:(


You don't need to? Pretty sure you can apply online or ring up from anywhere in the country...

They're not just based in Yorkshire, despite the name. There are branches as far north as Scotland,

gmschuple

Hi, I want to remortgage but still have seven months remaining with my … Hi, I want to remortgage but still have seven months remaining with my current bank. Do you think I can apply for this offer and start after six month'?


I thought most mortgage offers lasted for 6 months. Phone them and see. If so you could then try a workaround as to when you sign the papers (although mindful that the deal could end at any time).

Monaco Blue

I thought most mortgage offers lasted for 6 months. Phone them and see. … I thought most mortgage offers lasted for 6 months. Phone them and see. If so you could then try a workaround as to when you sign the papers (although mindful that the deal could end at any time).


Thank you, last time I had preagreed a mortgage a few months prior to ending the current mortgage.I will call them tomorrow.

gmschuple

Thank you, last time I had preagreed a mortgage a few months prior to … Thank you, last time I had preagreed a mortgage a few months prior to ending the current mortgage.I will call them tomorrow.



No prob. First Direct give a 3 month extension, if you ask before the original offer expires.

Banned

YBS is for the whole UK, just phone/ online

To make this deal cheaper than any other 2 yr fixed out there, the mortgage would have to be >£240K. Anything less, then Tesco 1.79% £195 booking , no other fees would be cheaper.

craigsville

To make this deal cheaper than any other 2 yr fixed out there, the … To make this deal cheaper than any other 2 yr fixed out there, the mortgage would have to be >£240K. Anything less, then Tesco 1.79% £195 booking , no other fees would be cheaper.



How many years are you calculating the original term at, as I'm not understanding this?

Craigsville, not so easy as a sweeping statement unfortunately...would depend upon what term you take and any overpayments you might intend to make.

Monaco Blue

How many years are you calculating the original term at, as I'm not … How many years are you calculating the original term at, as I'm not understanding this?



25 yrs, but I did over estimate the min mortgage value :-( It breaks even about £220K.
20 yrs dosnt make much of a difference to the break even figure, so 25 yrs calcs below

£220K / £310K 71% LTV

YBS 1.29% £858.32 x 24 + £975 fee + £400 approx legal / valuation fees = £21975
Tesco 1.79 % £910.15 x 24 + £195 fee - no legal / valuation fees = £22039
Accord 1.84% £915.44 x 24 - no fees at all = £21971

£200K / £280K LTV 71% LTV

YBS 1.29% £780.29 x 24 + £975 fee + £400 approx legal / valuation fees = £20372
Tesco 1.79 % £827.41 x 24 + £195 fee - no legal / valuation fees = £20053
Accord 1.84% £832.22 x 24 - no fees at all = £19973


£150K/ £200K LTV 75% LTV

YBS 1.29% £585.22 x 24 + £975 fee + £400 approx legal / valuation fees = £15625
Tesco 1.79 % £620.56 x 24 + £195 fee - no legal / valuation fees = £15088
Accord 1.84% £624.16 x 24 - no fees at all = £14980

Hope this helps somebody :-)

And obviously if you overpaid, it would benefit the higher rate mortgage

Also Tesco follow on APR rate is lower than the other 2 , if you ran over the 2 yrs
Clubcard points too !!!
- Did I tell you I worked for Tesco??? --- Nah , only joking . LOL :-)









Edited by: "craigsville" 22nd Jun 2015

craigsville

25 yrs, but I did over estimate the min mortgage value :-( It breaks … 25 yrs, but I did over estimate the min mortgage value :-( It breaks even about £220K. 20 yrs dosnt make much of a difference to the break even figure, so 25 yrs calcs below£220K / £310K 71% LTVYBS 1.29% £858.32 x 24 + £975 fee + £400 approx legal / valuation fees = £21975Tesco 1.79 % £910.15 x 24 + £195 fee - no legal / valuation fees = £22039Accord 1.84% £915.44 x 24 - no fees at all = £21971 £200K / £280K LTV 71% LTVYBS 1.29% £780.29 x 24 + £975 fee + £400 approx legal / valuation fees = £20372Tesco 1.79 % £827.41 x 24 + £195 fee - no legal / valuation fees = £20053Accord 1.84% £832.22 x 24 - no fees at all = £19973£150K/ £200K LTV 75% LTVYBS 1.29% £585.22 x 24 + £975 fee + £400 approx legal / valuation fees = £15625Tesco 1.79 % £620.56 x 24 + £195 fee - no legal / valuation fees = £15088Accord 1.84% £624.16 x 24 - no fees at all = £14980Hope this helps somebody :-)And obviously if you overpaid, it would benefit the higher rate mortgage Also Tesco follow on APR rate is lower than the other 2 , if you ran over the 2 yrs Clubcard points too !!!- Did I tell you I worked for Tesco??? --- Nah , only joking . LOL :-)



Yes, this looks better Admittedly your calc brought back all my school math fears. Too many formulas on a page leads to palpitations and wide eyes and when I saw the word 'breakeven' I almost broke into a cold sweat X)

[/quote] Yes, this looks better Admittedly your calc brought back all my school math fears. Too many formulas on a page leads to palpitations and wide eyes and when I saw the word 'breakeven' I almost broke into a cold sweat X)[/quote]

It really is quite simple Monaco !!
You multiply the value of mortgage by the derivative of the house value, subtract the square root of the car in your driveway, and voila! , you save yourself 5p over 24 months of your mortgage LOL


Edited by: "craigsville" 22nd Jun 2015

Lmaooo @ square root of car!! Loved it craigsville!! hahahaha

I got a 5 year fixed mortgage through YBS at 4.19% with no legal fees, homebuyers survey, £1k cashback which covered my solicitor fees last year. wish I had chosen 3 years fixed now though -_- So far they've not bothered me with anything and it was 90% LTV as some of us are poor
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