Home buyers 'will get best deal with Yorkshire'

Tuesday, July 6 2010

A new mortgage offered by Yorkshire Building Society is currently the best deal available to homeowners and first-time buyers, the group has said.

The 4.15 per cent five-year fixed-rate home loan requires a fee of £995, unless customers would prefer to pay 4.25 per cent in exchange for a free standard valuation and £250 cash back.

All options come with 75 per cent loan-to-value and are fully portable, with Tom Girling, product manager for mortgages at the building society, commenting that the deal is suitable for a wide range of customers.

"As well as competitive rates, the deals offer longer-term security for those concerned about the possibility of future rises in interest rates and peace of mind when it comes to mortgage payments," he said.

Coventry Building Society recently launched a fixed-rate mortgage at 4.2 per cent until June 2013, which will be available to potential buyers who can raise 30 per cent of the value of a property up front.