Yorkshire Building Society cuts rates again

The new range, which is available to both borrowers who are moving home and those just moving their mortgage, offers a choice of two, three, five and 10 year fixed rates up to 90% of the property price. In addition, re-mortgage borrowers selecting one of the new products can also benefit from free legal and valuation costs.

New Products

2, 3, 5 or 10 years Rate 5.59% Fee £495 LTV 75% Re-mortgage and House Purchase Free legal and valuation costs for re-mortgages

2, 3, 5 or 10 years Rtae 5.89% Fee £495 LTV 90% Re-mortgage and House Purchase Free legal and valuation costs for re-mortgages

These products compliment the three market leading mortgages launched by the Society last week, where lower rates are available with higher fees and no incentives.

Tom Girling, Mortgage Product Manager at the Yorkshire Building Society said: “Despite no changes to the Bank of England base rate over the past few months, we have seen swap rates fall and we’re keen to pass these reductions on to our borrowers with these latest rate cuts. We have also recognised that many borrowers are looking to minimise the cost of taking out a mortgage, so we have responded to this and halved the arrangement fee on a number of products in our range.

“We offer a comprehensive choice of mortgages with rates, fees and deposit levels to suit different circumstances, meaning borrowers choosing the Yorkshire for their mortgage will be able to tailor their loan to suit their individual circumstances.”