0.78 per cent, the lowest ever mortgage rate offered by the company so far. However, as mentioned, the rate is not fixed, which means, unlike most of the other sub-1% home loans, borrowers who opt for this deal take the risk of having repayments increase.
Since the pandemic first gripped the United Kingdom, the bank base rate has been at the all-time low of 0.1 per cent. Although economists previously projected that it may go negative, now, with the economy beginning to recover from the effects of COVID, rate hikes are believed to be on the horizon.
Yorkshire’s new deal is offered to borrowers with a deposit of 35 per cent or more and it comes with…
