The Yorkshire Building Society has re-entered the tracker mortgage market with a range of two-year products available from 2.79% (Band Rate + 2.29%) up to 85% LTV.
Borrowers can chose between capped or uncapped products.
Also, all fixed rate products have been reduced by up to 0.30% following a reduction in the cost of swaps.
A new 10-year fixed rate product has also been launched at 5.89% (up to 75% LTV) for those people wanting the security of knowing that their mortgage payments will not increase over a longer period.
Remortgage versions have free legal service and valuation options and all products have an application fee of £495. Further products are available for existing customers and additional advances.
Tom Girling, mortgage product manager at the Yorkshire, said: “Our new range of capped and uncapped trackers offer our customers the chance to benefit from a very competitive rate and the option of protecting their monthly payment if there should be a steep rise in interest rates during the term of the mortgage. By combining a cap