Yorkshire BS cuts rates on 5-year fixed range

Jessica Nangle

September 17, 2019


Yorkshire Building Society has reduced rates on its 5-year fixed rate mortgages by up to 0.15%.

The Yorkshire is offering a 5-year fix at 1.69% for borrowers requiring 65% LTV.

The 1.69% product comes with a completion fee of £1,495.

Charles Mungroo, senior mortgage manager at Yorkshire Building Society, said: “With continued political and economic uncertainty it’s not surprising that we continue to see homeowners and buyers turn to longer-term fixed rates of five years or more.

“Knowing what their monthly repayments will be for a fixed period of time is proving to be a comfort to many so we’ve improved our product range to offer borrowers better value and more choice.

“We’ve deliberately shaped our new mortgages to meet a variety of customer needs, with competitive options including lower rates, low or no completion fees, free standard valuation and cashback on selected mortgages.”

There is also a 1.75% product with a £495 fee and free valuation.

Fee-free 5-year fixed rate mortgages are also available to borrowers with 35% equity at a rate of 1.99%.

Homebuyers opting for this rate would benefit from free standard valuation, whilst those looking to remortgage would get £300 cashback and free legals.

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