Yorkshire Building Society unveils lowest ever mortgage rate
Wednesday, 17 March 2010 12:00
Yorkshire Building Society has announced it is to offer a two-year fixed-rate mortgage at 2.99 per cent with a fee of £995.
The product is available up to 50 per cent loan-to-value (LTV) and is aimed at those borrowers who own more than half of their home.
There is also a two-year fixed-rate mortgage available to those with slightly less equity in their property.
It comes with a rate of 3.09 per cent up to 60 per cent LTV and a fee of £1,195.
Tom Girling, product manager for mortgages at the firm, said that the product will appeal to around four in ten mortgage holders who own more than half of their home.
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