£995 fee and a free standard valuation. The building society also offered a tracker starting at 0.89 per cent, which can be enjoyed by potential customers with 25 per cent deposit.
“In a really competitive mortgage market, we’re pleased to be able to offer our lowest ever mortgage rate to give borrowers more choice,” Ben Merritt, a senior mortgage manager at YBS, said. “The recent increased availability of tracker mortgages, including the introduction of our first tracker mortgage for some years, expands the number of options available to borrowers who, in a low rate environment, may wish to take advantage of lower monthly payments.”
However, he warned that since the deal is not fixed, it is imperative to determine if one can afford any increase in monthly payments before taking the deal.
