The Yorkshire cuts FTB rates
Borrowers with a 5% deposit can now get a five-year fixed term mortgage at 4.89% (reduced from 5.19%) with £250 cashback on completion and free standard valuation.
First time buyers looking for a shorter fixed rate period can apply for a two-year fixed rate mortgage at 4.39% (reduced from 4.49%) with £250 cashback on completion and free standard valuation.
There is also a two-year fixed rate mortgage at 3.99% (reduced from 4.09%) with a £1,545 product fee for those with a 5% deposit.
Jemma Anderson, mortgage product manager at the Yorkshire, said: “Yorkshire Building Society is always looking for ways to help first time buyers on to the property ladder. This goal has been at the heart of our business since its creation and we believe these rate reductions will provide borrowers with more options as they look for value for money from their first mortgage.”