Yorkshire reduces tracker-to-fixed mortgage rates

Friday, 23 September 2011 08:00

Yorkshire Building Society has cut the interest charges on its tracker-to-fixed mortgage deals from today (September 23rd).

Each products incurs tracker payments of a certain percentage over the base rate for two years followed by three years of fixed charges.

At a loan-to-value (LTV) ratio of 75 per cent, the tracker payments are 1.79 per cent above the bank rate, then the fixed elements are at 3.39 per cent.

For home loans of 85 per cent LTV, the corresponding figures are 2.49 per cent and 4.09 per cent, while the 90 per cent LTV version's rates are 3.49 per cent and 5.09 per cent.

Yorkshire's mortgage product manager Alice Leslie commented: "When we launched the tracker-to-fixed product we had a hugely positive response from customers. We're please to be able to offer these great value products allowing customers the opportunity to take advantage of the low tracker rate - but then have the certainty of a determined fixed rate in the medium term." 

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