Yorkshire Building Society extends product offering

Jessica Nangle

August 13, 2019


Yorkshire Building Society has launched a range of of home loan options which hopes to benefit borrowers due to remortgage.

The lender has reduced rates on selected fee-free fixed rate mortgages and added £300 cashback, free standard valuation and free legal fees.

The Yorkshire has also extended its end dates to December to allow homeowners the opportunity to benefit from a longer initial deal-term.

Charles Mungroo, senior mortgage manager at Yorkshire Building Society, said: “The largest mortgage maturity period of the year is upon us and we’re keen to give borrowers looking for their next deal a range of competitive options.

“We’ve removed completion fees and added a host of additional features to many of our remortgages to help those renewing their home loan keep upfront costs down.”

The deals include a 2-year fixed rate at 1.87% for homeowners requiring a 65% LTV, along with a 5-year fixed rate at 2.14% at 65% LTV.

Other products include a 2-year fixed rate at 1.95% and a 5-year fixed rate at 2.19%, both at 75% LTV.

The products are available to borrowers with limited equity, and those requiring a 90% LTV can access a fee rate of 2.21%.

Those with 5% equity can get the same deal with a rate of 3.35%.

Mungroo added: “With so much economic uncertainty in the coming months we appreciate borrowers may be planning ahead and wanting to arrange their home loan before the fall-out of Brexit is known.

“All our mortgage offers are valid for six months so if that’s the case, homeowners could choose a new rate now and have the reassurance their mortgage is arranged and ready to renew when their current deal expires – regardless of what happens when the UK is due to leave the EU.”

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