View more on these topics

Yorkshire BS launch 10 year fixed rate

The Yorkshire Building Society is launching the first fully flexible 10-year fixed rate mortgage with the cheapest ever 10-year rate on August 30 2002.

The fixed rate is 5.44% and is fully flexible allowing unlimited overpayments without any penalty charges. Underpayments and paymentholidays are also permitted without charge and, as with all Yorkshire&#39smortgages, interest will be calculated on a daily basis ensuring borrowers get the benefit of every payment from the day it is made.

In an attempt to help first time buyers onto the property ladder they are offering this mortgage to them without charging an arrangement fee and providing them with a free property valuation and assistance with legal costs. Six months free accident, sickness and unemployment insurance is also provided with all Yorkshire Building Society mortgages.

The mortgage is fully portable as well, allowing borrowers the flexibility to continue their mortgage if they move house during the first 10 years.

Iain Cornish, Yorkshire&#39s general manager, marketing, says: “We recently completed some research into the public&#39s views on mortgages and found that almost 60% said they would prefer to have one mortgage throughout the whole mortgage term as it is too much effort to regularly switch mortgages or lenders. I think this research, together with feedback from our sales staff, who are indicating a demand for this type of product, show that in today&#39s society people view their own time as a precious commodity and that finding a product offering long term value is important.”


Finances: Nine out of ten people influenced by parents

Birmingham Midshire&#39s &#39Saving Britain 2002&#39 campaign says that almost nine out of ten Britons (88%) claim their financial habits and decisions as adults are influenced by what they learnt from their parents as children. At a time when financial exclusion, personal finance education and money management skills are hot topics on the Government&#39s agenda, the […]

MX in Mortgage Alliance deal

The Mortgage Alliance &#45 the Scottish Mutual and Scottish Provident mortgage club – has launched a self certification discount product from Mortgage Express, one of the three new lenders to be added to its panel in the last month. The deal applies to minimum loans of £50,000 and offers 1.05% discount for two years with […]

Oh I do like to be beside the seaside

It is well known that Brits love to be beside the seaside, and it also appears to pay off financially according to the latest research from Halifax. Out of 100 seaside towns surveyed in England and Wales, 71 have enjoyed average yearly increases in property prices that top 10% over the last seven years. Property […]

Mortgage club with a personal touch

Scottish Life Mortgages today unveils a new mortgage club in partnership with Personal Touch Insurance.Scottish Life will be offering a panel including Abbey National, HBOS, Cheltenham & Gloucester, Legal & General, Cheshire Building Society, Northern Rock and Alliance & Leicester. Five further lenders are yet to be confirmed.The deal follows roadshows held at Premiership club […]

Can UK companies satisfy global appetites?

By Mark Martin, Manager of Neptune UK Mid Cap Fund

Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.


News and expert analysis straight to your inbox

Sign up