Mortgage rate on ice

Friday 16 December 1994 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

NatWest has promised there will be no increase in the mortgage rate until after the new year. It has a range of fixed rates, ranging from 6.99 per cent until July 1996 to 9.99 per cent until either 1909, 2014 or 2019.

Yorkshire Building Society offers a fee-free remortgage deal with a cashback of 3 per cent for loans up to 75 per cent of property value and 1.5 per cent for larger percentage loans, at the variable rate of 8.14 per cent. It will also refund valuation and legal fees up to £200 each.

First Mortgage Securities has a 9.99 per cent four-year capped rate for loans up to 75 per cent of valuation, which has a fee of £295

The Mortgage Business has a two-year cap at 6.99 per cent with a £299 fee, and Citibank Mortgages a one-year cap at 5.45 per cent with a £195 fee.

The fixed rates on offer include 1.7 per cent until October 1995 from Yorkshire Building Society with a £250 fee; and 4.64 per cent until July 1996 from Britannia Building Society.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in