Yorkshire Building Society cuts rates on remortgage range

Jake Carter

June 11, 2021

cut rates btl

Yorkshire Building Society has reduced selected rates for remortgage customers for those with both small or larger amounts of equity in their property.

Borrowers requiring a loan-to-value (LTV) of 80% can now benefit from a 2-year fixed rate of 1.85%, while those looking for 85% LTV could secure a 2-year fix at 2.40%. Both mortgages come with a £1,495 product fee.

Alternatively, homeowners who wish to fix their mortgage for longer can benefit from 5-year deals, starting at 1.52% from 75% LTV, which also comes with a £1,495 product fee.

The range also includes options for those hoping to remortgage up to 90% LTV, with borrowers able to take advantage of a 2-year fixed rate of 2.99%, or a 5-year fixed rate of 3.34%, both of which come with a £995 fee, free standard valuation and free remortgage legal services.

Ben Reed, mortgage manager at Yorkshire Building Society, said: “As more borrowers start to consider their remortgage options, we’ve reviewed our range to give homeowners better choice.

“With a combination of lower rates and additional features such as free standard valuation, cash back or free remortgage legal services, we hope to give borrowers a number of options to be able to best choose which suits their individual needs.”

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