Highlights of the new Yorkshire Building Society range include its five-year fixed rate at 75 per cent loan to value (LTV) available for purchase and remortgage with a £1,495 fee and free standard valuation.
The mutual has also has a two-year fixed rate at 75 per cent LTV for purchase and remortgage priced at 4.49 per cent with a £1.495 fee and free standard valuation.
Yorkshire Building Society’s two-year fixed rate at 80 per cent LTV for purchase and remortgage with no fee and standard valuation comes to 5.14 per cent.
The firm also has a five-year fixed rate up to 90 per cent LTV for purchase with no fee is 4.79 per cent. It has £2,000 cashback and free standard valuation.
Yorkshire Building Society: ‘Significant falls in market interest rates’
Aidan Smith, mortgage product manager, Yorkshire Building Society, said: “The markets have responded very positively to the surprise fall in inflation announced by the Office for National Statistics before Christmas and, as a result, we’ve seen significant falls in market interest rates since then.
“We’ve delighted to be seizing the opportunity this presents to continue passing on as much value as possible to borrowers, including, excitingly, a sub-four per cent product.
“Borrowers can rest assured we’ll continue to monitor market developments closely with a view to helping people navigate a path through this unusual interest rate environment and achieve their homeownership aspirations in a manageable way.”
Lenders have been lowering rates in the past few weeks following the fall in swap rates, with many expected to follow suit.
