YBS unveils high LTV products

Michael Lloyd

November 14, 2019

Yorkshire Building Society (YBS) has launched 90% and 95% LTVs products with maximum loan amounts of £600,000.

For purchases there is a 2-year fix at 2.24% available at 90% LTV, a 5-year fix at 90% LTV that is priced at 2.54% which comes with a free valuation, and a 2-year fix at 3.46% available at 95% LTV.

For remortgages there is a 2.31% 2-year fix at 90% LTV, a 2.54% 5-year fix at 90% LTV and a 2-year fix priced at 3.59% which is available at 95% LTV.

The remortgage offerings come with free valuation and legal service.

Charles Mungroo, senior mortgage manager at YBS, said: “We’re pleased to expand our range of mortgages to borrowers with smaller deposits.

“Extending our product offering at higher loan value allows customers like first-time buyers to find the home that meets their needs.

“Maximum borrowing levels are one of the biggest issues for first-time buyers, particularly in London and the South East.

“It’s important not to overlook the difficulties borrowers face getting on and moving up the property ladder.

“At the same time, as a responsible lender our lending decisions are based on a full income and expenditure assessment to ensure the mortgage is both affordable and sustainable, these latest changes mean we are now able to support a broader range of customers and continue to lend with a common sense approach.”


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