Moneyfacts’ top mortgage deals of the week

Jake Carter

January 21, 2021

Moneyfacts has revealed its top mortgage deal picks for this week.

The firm first pointed to Yorkshire Building Society’s 90% LTV 2-year fix, which is only available to remortgages.

This offering includes a £495 fee, a free valuation, free legal fees, £750 cashback, and it allows overpayments.

Eleanor Williams, finance expert at Moneyfacts, said: “This week, Yorkshire Building Society has amended its offerings at 90% loan-to-value, receiving a rate reduction of 0.25%.

“This deal has a relatively low fee of £495 which can either be paid upfront or added to the mortgage borrowing.

“Additionally, there is a generous incentive package, which could further enhance the appeal of this product, especially for those looking to keep any mortgage set-up costs as low as possible.”

Furthermore, Furness Building Society’s 80% LTV 2-year discounted variable rate mortgage was noted.

This product has a 1.59% discounted variable rate for two years, a £999 fee, and is available to all borrowers.

It includes a free valuation, and free legal fees for remortgage customers in England and Wales, or £150 towards legal fees for those in England, Wales and Scotland.

Williams said: “This is the lowest rate currently offered in this sector of the market.

“The deal carries a comprehensive incentive package.

“The reasonable fee of £999 can either be paid upfront or added to the advance, which may appeal to those hoping to keep any outlay for setting up a new mortgage to a minimum.”

Moneyfacts outlined Coventry Building Society’s 65% LTV 5-year fix, which is available to remortgage customers, as a top deal.

The product includes a £999 fee, a free valuation, free legal fees and it allows overpayments.

Williams added: “Coventry Building Society has increased selected rates across its remortgage product range this week.

“This, despite the rate increase of 0.14%, is still the lowest rate offered within this sector of the market.”

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