Yorkshire Building Society cuts rates on fixed mortgages
Wednesday, 25 January 2012 09:42
Yorkshire Building Society is offering a helping hand to would-be property buyers by cutting the interest rates on its fixed mortgage products.
From this week, borrowers will be able to get a loan-to-value ratio of 90 per cent at 4.49 per cent for a two-year deal, 4.59 per cent for a three-year deal and 4.79 per cent for a five-year deal.
Although these have a £995 fee, options are available to reduce or even cut this figure completely depending on the product taken out.
First-time buyers could also get up to £500 cashback.
Meanwhile, excellent offers can also be taken advantage of by those with a 25 per cent deposit, with interest rates as low as 2.84 per cent.
Yorkshire Building Society mortgage manager Alice Leslie said: "We believe this focus will help more people get on the property ladder, predominantly those who have a limited deposit."
With 224 branches and more than 3.3 million members, the Yorkshire is the second-largest building society in the UK.
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