Yorkshire announces more good news for first time buyers
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%)