The Yorkshire Building Society has reduced rates across its mortgage range.
The mutual has reduced rates on its five-year fixed rate mortgages for borrowers with 65% LTV by up to 0.15 percentage points.
Both homeowners and buyers can now get a five-year fixed rate of 1.69%, which comes with a completion fee of £1,495.
Alternatively those looking to minimise upfront costs can opt for a rate of 1.75%, with a £495 fee and free standard valuation.
Fee-free five-year fixed rate mortgages are also available to borrowers with 35% equity, at a rate of 1.99%. Homebuyers opting for this rate would also benefit from free standard valuation, and those looking to remortgage would get an additional £300 cash back and free legal fees.
Highlights of the new range available to both homebuyers or those remortgaging include:
- Five-year fixed rate of 1.91% (75% LTV), with a £1,495 completion fee
- Five-year fixed rate of 1.99% (75% LTV), with a £495 completion fee and free standard valuation
- 10-year fixed rate of 2.29% (65% LTV), with a £495 completion fee and free standard valuation
- 10-year fixed rate of 2.33% (75% LTV), with a £495 completion fee and free standard valuation
Charles Mungroo, senior mortgage manager at Yorkshire Building Society, said: “With continued political and economic uncertainty it’s not surprising that we continue to see homeowners and buyers turn to longer-term fixed rates of five years or more.
“Knowing what their monthly repayments will be for a fixed period of time is proving to be a comfort to many so we’ve improved our product range to offer borrowers better value and more choice. We’ve deliberately shaped our new mortgages to meet a variety of customer needs, with competitive options including lower rates, low or no completion fees, free standard valuation and cashback on selected mortgages.”
