Yorkshire reduces rates on 90% lending
Yorkshire Building Society is maintaining its reputation for offering competitive mortgages with the announcement that it will make price reductions to its two, three and five year fixed rate mortgage products.
From 25 January the Yorkshire will be cutting rates throughout its range with particular focus on 90% LTV lending across various fixed terms.
Available in branch, 90% LTV rates start from a two year at 4.49%, a three year at 4.59% and a five year at 4.79%. All of these are available with a £995 fee, adding even more value for customers. Lower fee options and products with incentives are also available for borrowers. FTB products are also seeing a reduction with rates from 4.99%, with no product fee, a free valuation/legal fees and £500 cash-back.
Commenting on the detail of the changes, Mortgage Manager Alice Leslie from Yorkshire Building Society said; "We are always looking at ways to offer better value to our customers and are pleased to be in a position to re-price a number of our products with particular focus on our 90% LTV tier. We believe this focus will help more people get on the property ladder, predominantly those who have a limited deposit."
In addition to changes to the 90% lending tier a two year fixed rate mortgage will be available up to 75% LTV at 2.84%.