Yorkshire building society: FTB 2-year fixed mortgage at 2.29%, 90% LTV, fee-free, £1000 cashback
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Yorkshire building society: FTB 2-year fixed mortgage at 2.29%, 90% LTV, fee-free, £1000 cashback

4
Found 16th May
Yorkshire Building Society has launched some new mortgage products aimed at first-time buyers borrowing at a high loan-to-value (LTV), i.e. with a small deposit.

The best deals include:

  • 2.29% two-year fixed rate mortgage at 90% loan-to-value (LTV)
  • Fee-free
  • £1000 cashback

  • 2.89% five-year fixed rate mortgage at 90% LTV
  • Fee-free
  • £1000 cashback

  • 3.69% two-year fixed rate mortgage at 95% LTV
  • Fee-free
  • £1000 cashback

  • 4.34% five-year fixed rate mortgage at 95% LTV
  • Fee-free
  • £1000 cashback

Why I like these mortgage products

Obviously, if you’ve got loads of equity or a massive deposit, you can get a much better rate than these offered by Yorkshire building society. But if you’re a first-time buyer and you’ve only got a 5% or 10% deposit, these are decent rates.

How to compare mortgage deals

Borrowers shouldn’t be swayed too much by cashback deals – it’s still 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 (2 x 12 = 24 payments in the case of a two-year fix) then adding any product fee, minus any cashback. Then you can compare the total cost of the mortgage with other deals with the same fixed period.
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4 Comments
Thanks OP, Just doing some searching for mortgage deals as we're saving for our first home so this may be of use. That's a pretty good introductory rate, the SVR of 4.99% is a little bit of a pain but alas. But we'll see how it compares against the others.
Everytime !.
I read this as Yorkshire pudding society, get excited and then a quick let down. .
They have a nice 5 years fixed term mortgage as well. 1.99% with 995 fee wth LTV less than 65%. I am at Halifax at the moment and looking for a new 5 years fixed term mortgage. The best Halifax can offer me is 3.04% with no fees but it is still more expensive for me than switching to YBS.
Edited by: "Kenmarinaris" 16th May
My first/current mortgage is with YBS and they were genuinely a pleasure to deal with. After Nationwide messed me around for months and kept sending me to generic call centre staff, YBS approved within a week with a dedicated rep. Excellent service.
Edited by: "SirSpanky" 16th May
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