Yorkshire BS launches 15-year fix

Michael Lloyd

August 29, 2019

Yorkshire Building Society has launched a 15-year fix.

Yorkshire Building Society’s 15-year fixed rate has a rate of 2.79% and is available at 65% LTV.

The product includes a free valuation and a £495 product fee, all of which can be added to the mortgage advance.

Rachel Springall, finance expert at Moneyfacts, said: “Entering the niche 15-year fixed mortgage market this week is a range of deals from Yorkshire Building Society.

“Its deal priced at 2.79%, available to borrowers with a 35% deposit or equity, has a reasonable fee and incentive package of a free valuation, which may entice borrowers looking for a competitive package with a well-known brand.

“As the deal is fixed for a 15-year term, applicants must wary of exiting the deal during this period, as an early repayment charge will apply for the duration.”

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