Yorkshire Building Society has today (Friday, 13 November) cut rates across its mortgage range.
Changes from the mutual lender include reductions of up to 0.30% on mortgages for borrowers with just a 5% or 10% deposit, with discounts of up to 0.20% on selected mortgages for those with a deposit of between 20% and 35% of the value of their home.
Reductions also include the lenders’ loyalty cashback range, which provides an additional £250 cashback to members who have held a savings account with the mutual for at least 12 months. These members can also refer friends or family, allowing them to access the same offer.
Highlights from the new range are:
- A fee-free two-year fix at 5.06% (was 5.26%) for house purchase at 60% LTV, which comes with standard valuation
- A five-year fix at 4.82% (was 5.02%) for house purchase at 60% LTV, with a £1495 fee and standard valuation
- A three-year fix at 4.79% (was 4.99%) for house purchase at 60% LTV, with a £1495 fee and standard valuation
- And five-year fix at 4.96% (was 5.16%) for house purchase at 85% LTV with a £1495 fee and standard valuation.
Tom Simpson, managing director of homes for Yorkshire Building Society, said: “These latest changes reflect our continued commitment to helping more people to achieve homeownership. The new range also includes several best buy* product options, offering borrowers more competitive value and choice.”
Rachel Springall, finance expert at Moneyfacts, said: “Yorkshire Building Society have launched some attractive best buy* mortgage deals, which is fantastic news for borrowers. Deals that carry incentives can really help borrowers save on the upfront cost, so it’s great for these to be included alongside a competitive fixed rate.”
