Is a Yorkshire BS offset mortgage the way to go?
The Yorkshire BS offset mortgage range has just been enhanced with the addition of new 2 and 5 year deals.
As one of the largest UK offset mortgage providers accounting for 10% of all deals, it is campaigning for more borrowers to start making their savings work harder.
With savings rates so low, the lender believes mortgage-holders can make their spare cash work harder by paying down their mortgage.
The Yorkshire BS offers an offset version of all its mortgage deals which are in general priced 0.2% higher than non-offset mortgage equivalents.
In its new product launch the Yorkshire includes a 2 year fixed rate deal for 65% LTV at 1.89%, and a 5 year fixed rate deal at the same LTV at 2.64%. All its deals allow 10% overpayment each year penalty free.
For borrowers keen to pay down their home an offset mortgage could be the way to go according to the lender. Just £50 in savings in an offset mortgage account each month can add up to a significant saving over the term of your mortgage. Money deposited can be accessed as and when needed.
For more information on the Yorkshire BS enhanced range call at Deal Direct. As well as offering mortgage product information, our advisers can make a market-wide mortgage search to ensure you end up with the most affordable offset mortgage for your circumstances.
Call today for a quote.
0800 048 8828.
