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Yorkshire announces more good news for first time buyers

31st October 2014 Print

Yorkshire Building Society’s continues to show it commitment to getting people on the housing ladder with rate reductions for borrowers with a 5% deposit.

The society will reduce rates on its highest LTV products from Friday, 31 October, on two-year fixed term mortgages.

The two-year 95% LTV fixed rate mortgage rate will be reduced by 0.25% from 4.99% to 4.74% with an £845 product fee and a £130 mortgage processing fee.

Chelsea Building Society, part of the YBS Group, will also see a 0.25% reduction on its equivalent 95% LTV product. Its two-year fixed rate mortgage will be reduced from 4.89% to 4.64% with a product fee of £1,545 and a £130 mortgage processing fee.

Further reductions will be made on the Yorkshire and Chelsea products at 65%, 75%, 85% and 90% LTV mortgages.

Other highlights of the YBS range include:

3.19% five-year fixed mortgage with £345 product fee (reduced from 3.49%)

3.09% five-year fixed mortgage with £345 product fee (reduced from 3.24%)

Other highlights of the CBS range include:

1.99% two-year fixed mortgage with £345 product fee (reduced from 2.14%)

3.39% five-year fixed mortgage with £1,545 product fee (reduced from 3.24%)