Tracker changes as Yorkshire cuts rates

Robyn Hall

September 17, 2012

The changes follow cuts to the Yorkshire’s mortgages at 75% LTV earlier in the month.

Cuts are being introduced on the society’s tracker products at 75% LTV, including drop lock mortgages and the innovative track and fix product, with the majority of rates reducing by 0.20%.

A 2-year tracker mortgage available up to 75% LTV is now available at 2.79% with £995 fee, with the offset equivalent now available at 2.99%.

Jemma Smith, Yorkshire mortgage product manager, said: “We work hard to keep our mortgages competitive as part of our commitment as a building society to help home buyers -and homeowners who want to remortgage – to fulfill their property aspirations.

“Customers confident the Base Rate will remain at its historic low for some time yet may favour a simple tracker, while our droplock and track and fix mortgages may appeal to those who want to benefit from the current low rates whilst protecting themselves against potential increases.”

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