Yorkshire Building Society updates mortgage range

Yorkshire has re-entered the tracker mortgage market with a range of two year products available up to 85% loan to value and from 2.79% (BoE + 2.29%) with the flexibility of choosing capped or uncapped products.

In addition to the new tracker range all fixed rate products have been reduced by up to 0.30% following a reduction in the cost of swaps.

A new 10 year fixed rate product has also been launched at 5.89% (up to 75% LTV) for those people wanting the security of knowing that their mortgage payments will not increase over a longer period.

Remortgage versions have free legal service and valuation options and all products have an application fee of just £495. Further products are available for existing customers and additional advances.

Tom Girling, Mortgage Product Manager at the Society commented: "Our new range of capped and uncapped trackers offer our customers the chance to benefit from a very competitive rate and the option of protecting their monthly payment if there should be a steep rise in interest rates during the term of the mortgage. By combining a cap, a competitive rate and a low application fee we believe that these products offer one of the best combinations of value in the market.

"Although there has been an increased demand in the market for trackers recently, with interest rates at an all time low many of us are considering fixing our deal in order to avoid much higher rates in the future which is why we have decided to launch a 10 year fixed rate deal at 5.89% per cent. By choosing a long-term fixed rate, customers can guarantee mortgage repayments for the next decade which helps with household budgeting as you know exactly how much you're going to be paying every month for your mortgage."

Customers who would like details of any Yorkshire Building Society mortgage should visit ybs.co.uk.