Yorkshire Building Society’s largest rate cuts have been made on products up to 90% loan to value (LTV), which are being cut by 0.55%.
Products at 80% LTV and 85% LTV have been reduced by 0.4% and deals at 75% LTV have been lowered by up to 0.37%.
Deals at 60% LTV have been lowered by around 0.35%.
Yorkshire Building Society’s rate cuts include a trio of Best Buys for borrowers, including a two-year fixed rate up to 60% LTV for remortgages at 3.98% – it was 4.23% previously.
It has a £995 fee, free standard valuation and remortgage legal services.
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A two-year fixed purchase rate up to 75% LTV is priced at 3.92%, down from 4.27%. The product comes with a £995 fee and free standard valuation.
Yorkshire Building Society’s fee-free two-year purchase fixed rate up to 90% LTV has been reduced from 5.23% to 4.68%. This comes with a free standard valuation.
Aidan Smith, Yorkshire Building Society’s product manager, said: “We’re delighted to respond to market conditions, using the opportunity to offer a competitive new range, including some Best Buy deals and several products coming in under 4%, including one for those looking for a new lender.
“We will continue to watch market developments closely, acting wherever we can to help our borrowers to make savings.”
Rachel Springall, finance expert at Moneyfacts, said: “It’s fantastic to see Yorkshire Building Society make more cuts to fixed rates within its mortgage range. There are millions of borrowers due to refinance this year, so it’s positive news to see rates coming down, particularly on deals [that] also carry cost-saving incentives and fee-free options for those with small deposits.”
Rightmove figures from this week show that select sub-4% mortgage products are coming back to the market.
An example includes Santander bringing back sub-4% deals for homemovers.
