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Yorkshire BS offers market-leading FTB two-year fix

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  • 24/07/2017
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Yorkshire BS offers market-leading FTB two-year fix
Yorkshire Building Society has reduced its 95% loan to value (LTV) two-year fix to 3.15% with £250 cashback.

Although these rates aren’t available in the Accord range, or comparable, but the best rates in the Accord range are:

• 85% LTV – 1.58% with £995 product fee, £500 cashback and free valuation
• 95% LTV – 3.64% with £995 product fee
Yorkshire said: “We believe it’s important to provide borrowers with a choice of mortgage options across all of our brands, and through intermediaries via Accord Mortgages. We are however dedicated to supporting brokers, and regularly offer competitive mortgages specifically for the intermediary market.”

The lender is also offering buyers and remortgage customers a market-leading (at-time of writing) two-year fixed rate mortgage at 85% LTV with a rate of 1.32%. Both products come with a £995 product fee.

Charles Mungroo, mortgage manager for Yorkshire Building Society, said: “We’re committed to offering a variety of competitive home loan options to suit a range of borrowers’ needs and are proud to be able to offer the lowest rates currently available from any provider.

“We hope our latest rate reductions will appeal to customers with smaller deposits and help first-time buyers get a foot on the property ladder.”

Rachel Springall, finance expert at Moneyfacts.co.uk, added: “The deal priced at 1.32% at 85% LTV will likely cause a stir with numerous borrowers thanks to its market-leading rate, particularly those looking to remortgage with a trusted brand.

“As with any deal, applicants must work out the overall true cost of the mortgage by taking the fees and incentives into consideration before entering any arrangement.”

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