YBS cuts mortgage rates for those with smaller deposits

Yorkshire Building Society is continuing its commitment to offering competitive mortgage products for those with small deposits by reducing rates on 90% Loan To Value (LTV) mortgages by up to 0.25%. Products include a two year fixed rate at 4.39 %, a three year at 4.79 % and a five year fixed rate at 4.94%.  All products come with a £995 fee and are available through all Yorkshire branches.

For those with a 25% deposit, other rate reductions include a best buy two year fixed rate mortgage at 2.79% and a two year tracker mortgage at 2.74%, all with a £995 fee.  Other options include new £500 cashback products to help with the costs associated with moving home and there are also a variety of rate, fee and term options available.

Commenting on the rate reductions Product Manager Sunjeev Sahota from Yorkshire Building Society said: "We are committed to offering competitive deals across our mortgage range and we recognise the challenge faced by those with smaller deposits - that's why we have focused on our 90% LTV tier as we believe this will help more people get on the property ladder.  However, we remain true to our building society roots and that means we want to help people borrow the money they need to buy their own home, regardless of whether they have a big or small deposit."

For more information, visit ybs.co.uk.