Yorkshire reviews mortgage product range

Amanda Jarvis

October 13, 2004

The new product range is available with immediate effect and includes short, medium and long term fixed rates together with tracker rate mortgages. There are also a fee assist versions of each product, which do not require an arrangement fee and offer a contribution to cover the cost of valuation and legal costs.

The Yorkshire's two year tracker shown above has no tie-ins and allows unlimited over payments without any additional charges.

All Yorkshire's other mortgages are fully flexible with unlimited overpayments permitted without penalty charges providing the mortgage is not fully redeemed. Daily interest charging and free accident, sickness and unemployment insurance cover for the first six months is also available on all the Society's mortgages.

Ian Bullock, the Society's General Manager (Product Development) said ” With speculation that the Bank of England base rate may have peaked at 4.75%, or at least be close to peaking, we have been able to secure funding at very competitive rates.”

Ian continued “Our product range now provides customers with security of payments whether they choose a fixed or tracker rate. We have made sure that we have excellent fixed rate products available, the traditional mortgage for those looking for payment security. However our tracker rate mortgage without any early repayment charges provides borrowers with the opportunity to take advantage if rates reduce during the first two years together with the security of knowing that they can switch to a different mortgage if rates go up.

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