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Yorkshire BS launches 2.03% five-year fix

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  • 03/01/2018
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Yorkshire BS launches 2.03% five-year fix
Mutual Yorkshire Building Society has launched a market-leading, five year, direct-to-consumer deal for buyers and remortgagors.

The 2.03% mortgage at 85% loan to value (LTV), which has a £995 fee, is one of several five-year fixes added to its range.

It is also offering a 65% LTV, five-year fixed rate mortgage at 1.77% and 1.97%. Both products come with a £1,495 fee.

Janice Barber, mortgage manager at Yorkshire Building Society, said: “Our market-leading five-year fix in particular will appeal to those hoping to secure a low rate until 2023, but we’ve also made changes across our range to give a number of homebuyers and those remortgaging welcome news this January.”

Rachel Springall, finance expert at moneyfacts.co.uk, said: “Borrowers who have a 15% deposit or equity and are looking to secure their monthly mortgage payments over the longer term will be delighted by this latest five-year fixed deal from Yorkshire Building Society thanks to its competitively low mortgage rate. It has a lower fee than the next cheapest deal on the market so it could be a more cost effective choice depending on the loan size.”

Yorkshire’s intermediary arm, Accord Mortgages added three discounted standard variable rate (SVR) tracker mortgages today.

The 60% LTV deal is at 1.59% – based on an SVR discount of 3.40%. The 80% LTV loan is at 1.79% – based on an SVR discount of 3.20%. And the 90% LTV mortgage is at 2.09% – based on an SVR discount of 2.90%.

 

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