Yorkshire Building Society: New mortgage deals

Yorkshire Building Society is launching a new range of fixed-rate mortgages from January 11th.

For house purchases and remortgages the lender is bringing out a two-year fix at 4.95 per cent and a five-year fix at 5.35 per cent. Both deals come with fees of £1,995.

For remortgages only there are also two-year and five-year fixed-rate mortgages at 5.15 per cent and 5.55 per cent respectively, with £1,995 fees and free legal and valuation costs.

The maximum loan size on all the deals is £250,000 and the mortgages are available up to 90 per cent of a property's value.

Chris Edwards, Yorkshire Building Society's head of savings and mortgages said: "Each mortgage borrower has a different set of requirements. These new mortgage deals ensure that we have a mortgage for those who would rather pay a higher fee at the outset in return for a lower rate throughout the term of the mortgage.

"For borrowers who are coming to the end of a particularly low fixed-rate mortgage the new deals, which offer some of the lowest fixed rates on the market, are likely to be attractive, particularly as the up-front mortgage product fee can be added to the loan."

Yorkshire Building Society's range of mortgages with no fees includes a 6.39 per cent fixed-rate for two, three or five years and a 6.29 per cent fix over ten years.

The no-fee deals also include incentives of 0.50 per cent cashback for house purchase or free valuation and legal service for remortgages.