Mortgage News
Yorkshire BS makes second round of rate cuts
Yorkshire Building Society has reduced mortgage rates by up to 0.25%, the second time in two weeks the mutual has tweaked pricing.
This includes a reduced two-year fixed mortgage rate from Yorkshire Building Society up to 75% loan to value (LTV), which has been reduced from 4.89% to 4.69%. This rproduct is available for purchase and has a £1,495 fee as well as a free standard valuation.
At 80% LTV, the three-year fixed rate deal for purchase and remortgage has gone down from 5.29% to 5.04%. This deal has no fee and a free standard valuation.
There is also a five-year fixed rate mortgage which has been cut from 4.59% to 4.49%, also up to 75% LTV. This is open to remortgagors, with a £1,495 fee. This has free valuations and no remortgage legal fees.”
Aidan Smith, mortgage product manager at Yorkshire Building Society, said: “We’re delighted to be able to reduce rates across our Yorkshire Building Society mortgage product range for the second time in a fortnight.
“We continue to keep a close eye on market developments in order to seize every opportunity to pass on extra value to borrowers.”
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Last week, Yorkshire Building Society reduced its residential mortgage rates by 0.2% with Ben Merritt, director of mortgages, saying the mutual was “delighted” market conditions allowed it to lower pricing.