Yorkshire building society: Five-year fix 1.84%, £1,495 fee, £250 cashback, 75% LTV
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Yorkshire building society: Five-year fix 1.84%, £1,495 fee, £250 cashback, 75% LTV

4
Found 21st Feb
Yorkshire building society has re-vamped its mortgage range. One of the standout products is this:
  • Five-year fix at 1.84%
  • Fee £1,495
  • Cashback £250 (in effect this reduces the fee to £1,245)
  • Available up to 75% loan-to-value (i.e. 25% deposit or equity)

Who’s it suitable for?
  • This deal could be a good option for borrowers who:
  • Want to fix for five years (not a bad idea when experts are predicting a couple of rate rises within the next year or so)
  • Have a 25% deposit or equity – if you’ve got more equity then there are better deals available at 60% LTV.

How to compare mortgage deals
As always, it’s important to calculate the total cost of a mortgage deal. You can do this by adding together the total monthly payments over the fixed period (5 x 12 = 60 payments in this case) then adding any product fee minus any cashback.

In general, the bigger your mortgage the more important the rate and the less important the fee, and vice versa for smaller mortgages.
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4 Comments
probably worth including the below additional costs:

1) £90 Payable on mortgage redemption
2) standard valuation fee of £390
Got a 1.99% on a five year fix on 9 years with a low LTV with no fees at all with First direct , been 12 days since moved in and cried every day especially today had a look for the first time of our sold house on Whitgates.
Be aware that they are one of the lenders who do get you to pay solictors fees. They aren't obvious anywhere in comparison engines, but they do come up in the application. Basically another £500 of fees right there. Their 1.74% on 65% LTV is still just about worth it for us though.
jonnybfern22nd Feb

Be aware that they are one of the lenders who do get you to pay solictors …Be aware that they are one of the lenders who do get you to pay solictors fees. They aren't obvious anywhere in comparison engines, but they do come up in the application. Basically another £500 of fees right there. Their 1.74% on 65% LTV is still just about worth it for us though.



I'm in the market for a mortgage and YBS are offering the best deal for me.

What's the name of the fee you're referring to? If you're referring to what I think you're referring to then I thought paying solicitors fees is pretty standard. Unless I'm mistaken and there are some providers who cover it as well?
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