MSE News: YBS wades in on mortgage price war with lowest rate EVER of 0.89%

Legacy_userLegacy_user Forumite
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Yorkshire Building Society has taken the lead in the race to offer the lowest mortgage deal...
Read the full story:
'YBS wades in on mortgage price war with lowest rate EVER of 0.89%'
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  • getmore4lessgetmore4less Forumite
    46.2K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
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    More ammo for the rates can only go up brigade,

    they can't get any lower eventually.

    OK this headline is only attractive to relatively large mortgage due to the fee but plenty of attractive offers out there.
  • bobblybobbly Forumite
    45 Posts
    Seventh Anniversary 10 Posts Combo Breaker
    Seems very unwise to take up this offer, as they could increase the rate to anything, at any point. This makes the headline interest rate almost meaningless unless it is also accompanied by some kind of guarantee.
  • csgohan4csgohan4 Forumite
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    sigh, can't get it as in year 2 of a 5 year deal making it prohibitive with the ERC
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Does anyone have access to any historical data bout YBS's Standard Variable Rate? I know in theory they could put it up at any time - but if it has historically pretty much tracked the base rate then we'd be much more tempted to take the risk and go for this.

    Thanks for any help!
  • ThrugelmirThrugelmir Forumite
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    emitchard wrote: »
    Does anyone have access to any historical data bout YBS's Standard Variable Rate? I know in theory they could put it up at any time - but if it has historically pretty much tracked the base rate then we'd be much more tempted to take the risk and go for this.

    Thanks for any help!

    SVR's became detached from base rate a while ago. Historically they were 2% above base rate with the major lenders.
    Real insurance claim quote : -

    "Going to work at 7am this morning I drove out of my drive straight into a bus. The bus was 5 minutes early.".
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