Tracker changes as Yorkshire cuts rates

Yorkshire Building Society is reducing rates on selected tracker mortgages.

These changes follow last week's cuts to the Yorkshire's mortgages at 75% LTV (loan to value).

Cuts are being introduced on the Society's tracker products at 75% LTV, including drop lock mortgages and the innovative track and fix product, with the majority of rates reducing by 0.20%.

A two year tracker mortgage available up to 75% LTV is now available at 2.79% with £995 fee, with the offset equivalent now available at 2.99%.

Jemma Smith, Yorkshire Building Society Mortgage Product Manager, said: "We work hard to keep our mortgages competitive as part of our commitment as a building society to help home buyers -and homeowners who want to remortgage - to fulfill their property aspirations.

"Customers confident the Base Rate will remain at its historic low for some time yet may favour a simple tracker, while our droplock and track and fix mortgages may appeal to those who want to benefit from the current low rates whilst protecting themselves against potential increases."