YBS launches three-year fixed range

The three-year fixed rate mortgage for borrowers with an LTV of 75 per cent offers a rate at 3.69 per cent while those with an LTV of 85 per cent will get 4.59 per cent, making it the lowest rate mortgage available for those with a 15 per cent deposit. These mortgages come with a product fee of £995 and are available exclusively through moneysupermarket.com.
Hannah-Mercedes Skenfield, mortgage expert at moneysupermarket.com, said: "Since the beginning of the year we have started to see healthy competition within the mortgage market with fixed rate deals in particular starting to come down.
"With interest rates low and uncertainty around when they will begin to rise again, fixing your mortgage rate for three years is a good option for many who want the certainty of a fixed rate without the commitment of a long term deal. They also offer peace of mind that when interest rates rise, you will not be hit by any increases."