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

Legacy_user

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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getmore4less

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.

bobbly

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.

csgohan4

sigh, can't get it as in year 2 of a 5 year deal making it prohibitive with the ERC

emitchard

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!

Thrugelmir

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.