YBS 5 Year Fix Rates have dropped again!!!

Wobblydeb

Get em while you can.....

Chin

its crazy how cheap their 5 yr fixed is now...4.24% for an 85% LTV.

Reckon they'll keep dropping or is that it now?

Wobblydeb

Chin wrote: »

Reckon they'll keep dropping or is that it now?

Let me consult my crystal ball.....

I've been eyeing up the 3.99% Offset for 75% LTV and it is now 3.59%. :eek: I hope they don't change them back again too quickly!! I sent the application this morning.

originalmiscellany

Great stuff - although they clearly are predicting that not a lot is going to happen to the mortgage market for several months (some are thinking another year of no interest change); Therefore they are offering good deals to tempt. I think it'll go even lower before plateauing, but what do I know!

Peelerfart

My own thoughts exactly ^^, but as you say what do we know.

I've been eyeing up a YBS offset for about 12 months,and if it wasn't for my super low tracker I'd have jumped.

Be interesting to see what the competition will do, if anything.

Gareth_P

Hi all. Are the lending criteria for YBS really as strict as their calculator implies? I am on a 60% LTV but the outstanding loan is about 3.5x my basic salary (though about 2.5x basic+bonus) and it doesn't look like they will lend to me though I haven't been through a full application

Rizzy

That's a good deal, but I'm betting it'll be lower in another 3-4 months if the housing Market does not pick up.
I was on their website earlier and I was surprised to find they would only lend me about 75-85k based on 30k salary no debt, no outstanding credit card payments and a good credit score. Other calculators have quoted me much higher. Forgot to mention I've got 25% deposit on the properties I'm looking at.

Thrugelmir

Wobblydeb wrote: »

Get em while you can.....

Or wait and watch property prices fall lower..........

Maybe a good deal for those remortgaging though.

Chin

We've just got a mortgage with YBS and they are incredibly strict.

It was not a breeze to say the least and we've got squeaky clean credit files with a strong lending history and a good wage.

But with rates as low as they are they can afford to be picky!

Chin

Gareth_P wrote: »

Hi all. Are the lending criteria for YBS really as strict as their calculator implies? I am on a 60% LTV but the outstanding loan is about 3.5x my basic salary (though about 2.5x basic+bonus) and it doesn't look like they will lend to me though I haven't been through a full application

Ring them up and they will do an affordability calculation based on your wage and debts without having to give any other personal details (if your not ready to apply yet or worried about a footprint on your credit file)