YBS reduces three year fixed rate mortgage rates

Yorkshire Building Society has reduced the rates on its three year fixed rate mortgages and is offering borrowers the option to also fix their home insurance premiums for the same period.

The new mortgage deals for new customers are:

4.99% - 3 year fixed rate up to 75% LTV; Fee £995; max loan £250k
5.19% - 3 year fixed rate up to 95% LTV; Fee £995; max loan £250k
5.19% - 3 year fixed rate up to 75% LTV; Fee £995; loans over £250k
5.29% - 3 year fixed rate up to 95% LTV; Fee £995; loans over £250k
5.89% - 3 year fixed rate up to *95% LTV; No Fee; any loan amount

*LTV 95% for house purchase; LTV 90% for re-mortgages

Re-mortgage customers can get the same great rates together with free legal and valuation costs.

At a time when some home insurance companies are increasing their premiums by up to 10%, Yorkshire has fixed the price on its award winning home insurance for the next three years. This deal together with the new fixed rate mortgages ensures the Society’s customers have a real certainty of payments at a time when many costs associated with home ownership are increasing.

Yorkshire’s home insurance, which is underwritten by Royal & SunAlliance, has been awarded the Defaqto 5* rating for two consecutive years. The 5* award is only given to those products which are considered by the independent experts to offer a wide range of benefits and therefore are one of the best products available on the market.

Tanya Jackson, spokesperson at Yorkshire Building Society said “I’m delighted that we have been able to return to offering a sub 5% three year fixed rate mortgage deal. Linking this with a price freeze on our home insurance provides excellent value, and peace of mind over the longer term, to our borrowers.”