Yorkshire BS cuts rates on 90% LTV mortgage range
Saturday, 04 February 2012 11:29
The Yorkshire Building Society has reached the top of the best-buy tables for mortgage products for first-time buyers and those with low equity.
The Yorkshire says that it offers the best deals on three and five-year fixed rate mortgages for those with a 90 per cent loan-to-value (LTV) ratio.
The two-year rate for 90 per cent LTV mortgages is 4.49 per cent, a three-year deal is charged at 4.59 per cent and a five-year fixed rate mortgage comes in at 4.79 per cent. All of these deals carry a fee of £995.
The Building Society offers alternative deals that come with lower fees. A three-year deal with a £495 fee has a rate of 4.69 per cent which includes free valuation and legal fees and a five-year deal at 4.99 per cent with just a fee of £295 is another option.
Mortgage Manager Alice Leslie said; "Here at the Yorkshire our aim is to consistently provide excellent value mortgages for our customers and this can be seen in the number of best buys we achieve regularly. Indeed, in 2011 Yorkshire was recognised for offering more best buy mortgage products that any other financial provider.
We recognise that many people are faced with a daunting choice when looking for a property and for this reason we have focused on our 90% LTV tier. We believe this will help more people get on the property ladder, guiding them through the process, predominantly those who have a limited deposit."
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