That's the conclusion drawn by Yorkshire Building Society from research into the home-loans market which forms the basis of its new marketing campaign which focuses on borrowers being able to sit back and relax.
Among the Yorkshire's current mortgage range are two two-year fixed rate loans from 3.99 per cent (5.4 per cent APR) which are fully flexible and without compulsory products or tie-ins.
"Our research shows that most people don't want to shop around for a new mortgage," says Yorkshire's marketing manager Iain Cornish, "so our mortgages are designed to let borrowers sit back and get on with their lives."
Brokers Savills Private Finance (SPF) has negotiated two exclusive open-plan flexible mortgages. A 2.01 per cent discounted mortgage, with a current pay rate of 3.94 per cent, comes with no early redemption penalties, while the two-year stepped discount is aimed at borrowers who wish to keep repayment costs low when they move into their new property. The stepped mortgage has a discount of 2.66 per cent with a first-year pay rate of 3.29 per cent, a second year 1.86 per cent discount and a pay rate of 4.09 per cent. Details: 0870 900 7762.
The MarketPlace at Bradford and Bingley is claiming the best two-year tracker mortgage on the market for first-time buyers. The deal, funded by Mortgage Express, has an initial pay rate of 3.73 per cent (bank base rate minus 0.27 per cent), followed by base rate plus 1.75 per cent for the entire term. Available up to 95 per cent loan-to-value, the minimum loan size is £75,000. Details: 0800 113333, or visit www.marketplace.co.uk
Derbyshire Building Society has cut rates on its three-year and five-year discount mortgages. Its three-year discount rate now starts at 3.69 per cent (5.50 per cent APR) - a full two per cent off the society's standard rate. The five-year discount rate starts at 3.99 per cent (5.40 per cent APR) - a 1.7 per cent reduction on SVR for loans up to 80 per cent LTV.
Further details are available from any branch or by ringing 0800 085 2020
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