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

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

edited 30 November -1 at 1:00AM in Mortgages & Endowments
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Legacy_userLegacy_user
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edited 30 November -1 at 1:00AM in Mortgages & Endowments
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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Replies

  • getmore4lessgetmore4less Forumite
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    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
    42 posts
    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/ PIxie RIP
  • emitchardemitchard Forumite
    1 posts
    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.
    “Markets have been so good for so long, that many investors are trivialising the advanatages of actively managing portfolio risk" - Gervais Williams
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