Yorkshire BS cut rates on fixed rate mortgages
Wednesday, 16 March 2011 11:57
Yorkshire Building Society has announced today that it will reduce the rate on some of its fixed rate mortgage deals by up to 0.50 per cent.
The deals are available to borrowers who are able to secure a mortgage with a loan-to-value (LTV) ratio of 90 and 75 per cent respectively.
This means that the rate on a two-year fixed rate deal with a 25 per cent deposit has dropped to 2.99 per cent, although it comes with a hefty fee of £1,995. The rate has dropped by 0.30 per cent to 3.49 per cent for the same type of loan that comes with a fee of £195.
The range also includes deals for borrowers who have a 10% deposit or equity in their home. A two-year fixed rate is available at 5.49 per cent with a £195 fee or 4.99 per cent with a £1995 fee.
Yorkshire's Group Direct Mortgage Manager Chris Smith said: "Recent swap rate activity has given us the opportunity to re-price our mortgage range and offer our borrowers the option to choose the best mortgage product for them - mixing rates with fee options.
"As well as low fee deals the new range will also incorporate products with slightly lower rates and slightly higher fees. For those who want a lower fee, they still get an excellent rate, or for those who need support with a larger loan, they have the option of a lower rate with a higher fee and lower monthly repayments.
Use the Myfinances.co.uk’s comparison tools to find the best deal on a mortgage.
Comments
Newsletter sign up