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Yorkshire offers lowest ever five year fixed rate mortgage

27th March 2013 Print

Yorkshire Building Society is cutting rates to help those with a smaller deposit onto the property ladder, whilst continuing to offer those with a larger deposit some of the lowest rates ever seen on the market.
From tomorrow (Thursday 28th March) the Yorkshire is reducing interest rates by up to 0.20% on a wide range of its products, including fixed rate, and first time buyer mortgages.
Within this range the Society is offering the markets lowest ever five year fixed rate product at 2.59% up to 60% loan to value (LTV) with a £1,345 fee, and a two year fixed rate mortgage at 2.19% at 60% LTV with a £345 fee.
Borrowers with a smaller deposit are also set to benefit as the Society reduces rates on all products in its first time buyer range, which come fee free to help borrowers reduce the upfront costs of their mortgage.
First Time Buyer products include a two year fixed rate at 4.19% up to 90% LTV and a two year fixed rate at 3.89% up to 85% LTV- both products are fee free.
"This year we want to give more people than ever the best deal on their mortgage, including those looking for longer deals that offer the reassurance of knowing how much their mortgage payments will be for the next five years," said Brendan Gilligan, Yorkshire Building Society Mortgage Product Manager.
"We have also made changes to our First Time Buyer products as we are keen to support those who are looking for their first step on the property ladder - and by removing fees we are hoping to help keep costs of owning your first home to a minimum."