2.59% two-year fixed rate at 90% LTV with no product fee

Yorkshire Building Society has announced today that it has cut rates on its fee-free mortgages at 90% and 95% LTV by up to 0.15%.

According to a statement from the society it will now be offering a 2.59% two-year fixed rate at 90% LTV with no product fee, free standard valuation for borrowers with a 10% deposit, with £250 cashback on completion for those buying a home and free standard legal fees for those remortgaging.

 

For borrowers with a 5% deposit, the Society is offering a 3.84% two-year fixed rate, or a 4.49% five-year fixed rate, with no product fee, free standard valuation and £250 cashback on completion.

Brendan Gilligan, Mortgage Product Manager at Yorkshire Building Society, said: “As one of the UK’s largest mutual lenders, we understand how important home ownership is to young people, with our research showing that most adults under 40 prioritise buying a property over important life events such as getting married and having children.

 

We also know how expensive buying your first home can be, so we’ve cut our rates on fee-free mortgages to help those trying to get onto the property ladder to minimise their upfront costs.”