YBS Tracker 3.69% - What's it like as a lender?

IAMIAM

Never contemplated them before

jonnypb

Looking at YBS myself and wondering the same.  Currently have a Natwest 2.04% fix deal ending in April and YBS have got the rate that you mention, or 3.89% (BoE Base rate + 0.39%) which includes valuation and remortgage legal service, which seems to be very good as the best the Natwest could offer me on a tracker was BoE + 1.2%

Interested to know peoples views on YBS.

housebuyer143

jonnypb said:

Looking at YBS myself and wondering the same.  Currently have a Natwest 2.04% fix deal ending in April and YBS have got the rate that you mention, or 3.89% (BoE Base rate + 0.39%) which includes valuation and remortgage legal service, which seems to be very good as the best the Natwest could offer me on a tracker was BoE + 1.2%

Interested to know peoples views on YBS.

The website isn't working for me. Are there ERCs on that product? 

Koksmanareikals

I am interested as well. Their current products looks very competitive.

Also maybe someone can share their experiance with self-employed application?

TIA

SkeltonDust

I had been with them for my residential from 2016 to 2022.
Offset helped me to save a load of interest and managed to accumulate £50000. I moved places and wanted to do btl which they unfortunately donot, had to move to TMW.
I would personally recommend them.
My current offer to buy me a home is from Coventry at 2.9% , expiring soon.

dimbo61

We also had an offset mortgage with YBS.
They are very picky  and have good rates so lots of customers looking  to  borrow from them.
We had a local branch which was great 

housebuyer143

Thanks for the heads up on this rate. Just applied 👍

IAMIAM

Will the major banks follow suit do you think? Would prefer HSBC/Natwest etc, but 3.99 tracker seems to be the best for 60-75% major lenders 

housebuyer143

IAMIAM said:

Will the major banks follow suit do you think? Would prefer HSBC/Natwest etc, but 3.99 tracker seems to be the best for 60-75% major lenders 

Not sure but nothing wrong with YBS. I would argue they are better and faster. They at least answer the phone in a few rings unlike the big boys.
Doesn't really bother me who lends me hundreds of thousands tbh, if they are happy to and they have the best rates I am happy to go along with it. 

jonnypb

Just re-mortgaged to YBS to their tracker rate of BoE base rate +0.39% - which has no product fee and includes free valuation and legal fees.

Everything done over the phone and found them to be extremely helpful so far.

Nath4n

IAMIAM said:

Will the major banks follow suit do you think? Would prefer HSBC/Natwest etc, but 3.99 tracker seems to be the best for 60-75% major lenders 

Barclays have some very competitive tracker rates available at the moment. The £999 fee ones also come with no ERC's. We've just secured the 3.64% 2 year one (BOE + 0.14%). Of course this will likely to go up 0.5% after the next BOE meeting, but still safely under the lowest 2 year fix.