Yorkshire Bank - fee free mortgages available - saving £1000.00
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Yorkshire Bank - fee free mortgages available - saving £1000.00

8
Found 11th May 2009
it does what it says on the tin! there are no valuation fees or solicitors fees to pay.

went into my local Yorkshire Bank, and the cashier asked me about my mortgage. i am in a fixed rate with a penalty so wasn't interested. she convinced me to talk to the mortgage adviser and, even with my penalty, they will be able to save me money.

8 Comments

Good for those with limited 'Up Front' available but they usually recoup the difference with higher fees so compare the market, dot.

Original Poster

they offered me a two year fixed rate at 4.9%. isn't that very good then? can you recommend better??

But it all depends on the rate offered !! A 5yr fixed with the Nationwide costs £995 to arrange but overall cost for comparison is 4.8% compared to 5.7% at the Yorkshire.

You could end up paying much more on a mortgage. Don't get carried away by the no arrangement fee as it could cost you £1000's over the term. A lot of banks and building societies let existing customers re-mortgage for free anyway. I have never paid a fee to the Nationwide and the rates are excellent.

Check the OVERALL COST FOR COMPARISON before taking out a mortgage as this factors in arrangement fees. Don't forget most mortgage advisors work on commission...

COLD

jim8o8;5183064

they offered me a two year fixed rate at 4.9%. isn't that very good then? … they offered me a two year fixed rate at 4.9%. isn't that very good then? can you recommend better??



Check out HSBC and First Direct if you want a two year fixed rate but IMHO I would fix for five years where possible.

Independent mtg arrangers work on commission but bank employed mtg arrangers do not.

no they rely on sales figures to keep their jobs and are only interested in selling their own products

Not bad!

The-Stranger;5185645

no they rely on sales figures to keep their jobs and are only interested … no they rely on sales figures to keep their jobs and are only interested in selling their own products



they only have their own products to sell! plus, HSBC have stopped selling mortgages to those that are self employed.
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