New BoE tracker mortgages from Yorkshire BS

Yorkshire Building Society announces today a new range of competitive Bank of England tracker mortgages as customer demand swings back to this type of mortgage from the fixed rate market.

The new range comprises :-

Two year Tracker – BoE- 0.61% (5.14%). Fee £1995
Two year Tracker – BoE- 0.26% (5.49%). Fee £795
Two year Tracker - BoE + 0.49% (6.24%) No Fee. Incentives of 0.30% cashback for House Purchase or free valuation and legal service for Remortgage customers.
Three year Tracker – BoE - 0.11% (5.64%) Fee £795
Three year Tracker – BoE + 0.49% (6.24%). No Fee. Incentives of 0.30% cashback for House Purchase or free valuation and legal service for Remortgage customers.

Early repayment charges of 3% apply during the discounted period.

Ian Bullock, Sales and Marketing Director at the Society said, ”Funding of short term fixed rate products is becoming increasingly expensive and market sentiment seems to be encouraging borrowers to consider tracker mortgages with the thought that we are near the top of the interest cycle.”