YBS offering 2 year fix at 4.99% to me (an existing customer)

preston99

The kind folk at Yorkshire Building Society have written me a letter informing me that my current 5 year deal is coming to an end. My LTV is 37% according to them.

The SVR is currently 4.99% which is exactly what their fee free 2 year fixed rate mortgage is set at. It still feels a bit high to me and there are certainly cheaper rates out there, albeit with fees.

I’d appreciate any comments particularly from those of you who track the deals on offer.

Thanks in advance.

CloudCuckooLand

2 years isn't long enough. Could be just about then that rates have shot up after recovery and inflationary effects take hold in the economy...

At that LTV you want 5 years for the same rate, imo. HSBC? http://www.hsbc.co.uk/1/2/personal/mortgages/remortgage/fixed-rate;jsessionid=0000iG5rnEc_N1s8xIYC3A7Fn8e:11j5bfvdu

Guess it partly depends on the size of mortgage, whether its big enough to absorb the fees over time, for moving lender.

steve237

I think you can get 10 years for 5.49% with your LTV. I think it's Britannia who offer that.

dimbo61

Have a look at First direct 3 year fixed offset deals with low fees!

puddy

look at the trackers around at the moment, they are well low