Free insurance to borrowers
The lenders are also offering £500 off arrangement fees as an alternative for those customers, giving them greater flexibility to suit their financial situation.
The new offer, which runs until 28th February 2010, is available on a range of products for new residential mortgage customers transferring to the banks from their existing lender. To give a further boost to those looking for a new mortgage, the banks have made some changes to their mortgage ranges, reducing the cost of borrowing.
Gary Lumby, head of retail at Yorkshire Bank, said: “This new offer is another example of Yorkshire Bank’s commitment to continue lending.
“By combining a range of competitive remortgage and home-mover products with up to £1000 of free insurance or £500 towards arrangement fees we’re offering great value and choice.”