Yorkshire Building Society urges consumers to look beyond headline rates

For borrowers looking to sort out their finances before Christmas the Yorkshire Building Society is offering a saving of £1,716 over the next two years on its new mortgage rates.

Yorkshire has released a new two-year fixed-rate mortgage on to the market, available at 2.89 per cent rather than the cheap mortgage rates on the high street.

The Building Society believes that consumers should look beyond the headline cheap rates offered on the high street as often these tempting offers prove to be more expensive in the long run.

Tom Girling, product manager for mortgages, said that as lenders continue to compete for the headlines, it's important that homeowners look beyond the headline rates when they choose their next mortgage.

He added: "Paying high fees to secure a new deal, as well as valuation and legal fees can seriously damage a household budget."

Yorkshire believes that its combination of a low interest rate, low product fee and free valuation and free standard legal service, makes it a clear winner for borrowers.
 

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2010-10-28 15:42:10 © Moneyextra.com