Borrowers with smaller deposits to benefit from Yorkshire mortgages

As part of its ongoing aim to help a variety of borrowers, including those with smaller deposits, Yorkshire Building Society has reduced selected rates at 75% and 90% LTV by up to 0.35%.

New headline mortgages available from today (Monday) include:

Two-year fixed rate 75% LTV at 2.64% with £995 fees
Two-year fixed rate 90% LTV at 4.24% with £995 fees
Five-year fixed rate 75% LTV at 3.29% with £995 fees
Five-year fixed rate 90% LTV at 4.79% with £995 fees

Offset alternatives are available across the range and are priced only 0.20% higher than the non-offset equivalents.

The range also includes products offering a fee-assisted legal service and free valuation with a low £495 product fee, perfect for those customers wishing to keep up-front costs at a minimum.

Chris Smith, Yorkshire Building Society's Direct Mortgage Manager, said: "We have seen other lenders cut rates recently, however many of these reductions have been at the 60% LTV level.

"The sizeable deposit required, together with the very large fees involved, means they are not suitable for the majority of borrowers.

"The reductions we are making will benefit those with lower deposits and are likely to appeal to a wider range of customers."

For more information, visit ybs.co.uk.