Yorkshire Bank Offset Mortgages

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1.40%Reverts to 3.99% after 2 years


Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.40%

Reverts to 3.99%

2

Years

60%

YesMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.
Tracker

1.84%

Reverts to 3.99%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Tracker

2.07%

Reverts to 3.99%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 3.99%

5

Years

60%

YesMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

1.79%

Reverts to 3.99%

5

Years

60%

YesMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.
Fixed

3.03%

Reverts to 3.99%

2

Years

85%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

2.94%

Reverts to 3.69%

10

Years

80%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Fixed

4.10%

Reverts to 3.99%

2

Years

95%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Founded in 1859, Yorkshire bank are a large financial services provider with over 188 retail branches. As a provider of offset mortgages, Yorkshire Bank has also won the award of ‘best regional lender’ in 2009 for the best regional lender.

 

An offset mortgage may allow customers to link their current and savings accounts with Yorkshire Bank in order to reduce the cost of their mortgage repayments. This type of mortgage agreement may be particularly useful for potential borrowers who have a significant amount of money that can be devoted to their mortgage repayments.

 

Feel free to consult our tables below for comparisons on offset mortgage deals from other providers:

Many offset mortgages many also be quite flexible, and can provide customers with payment holidays if they wish to underpay in certain circumstances. Equally, customers may also wish to use their savings to repay their mortgage early.

 

Offset mortgages from Yorkshire Bank are offered in several different formats that may be of use to customers depending on their circumstances. These mortgages are offered with several different loan to value ratios, some examples include:

  • An offset 2 year mortgage with a 65% loan to value ratio, and an initial rate of 2.59%
  • An offset 2 year mortgage with a max loan to value ratio of 75%, with an initial rate of 2.99%
  • An offset 2 year mortgage with an 80% max loan to value ratio, and an initial rate of 3.99%
  • Customers may also be offered a variable rate offset mortgage, with a loan to value ratio of 85% and an initial rate of 4.59%.

 

If deals from this provider are not suitable, customers are advised to shop around for mortgage comparisons in order to find an offer that is tailored to their individual requirements.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker