The Yorkshire opens new doors for first time buyers

Yorkshire Building Society has launched a new range of mortgages for first time buyers with no upfront fees, £500 cashback and loans up to 85% of the value of the property.

The new range includes a free standard valuation free legal service and no product fees. With rates from 5.19% fixed for 2 years a borrower with a deposit of as little as 15% of the value of their home could find the route to their first property starts with the Yorkshire.

The new mortgages (each up to 85% LTV) include:

2 year fixed rate 5.19% with free valuation, free legal fees and no product fee.
3 year fixed rate 5.49% with free valuation, free legal fees and no product fee.
5 year fixed rate 5.79% with free valuation, free legal fees and no product fee.

With typical first time buyer homes priced at around £155,000, it's important to remember that there's more to a mortgage than just the headline rate. Choosing the Yorkshire's 2 year fixed rate first time buyer option, with no upfront fees could save over £1,700 compared with the market's leading rate meaning there's still money left for this summer's little luxuries.

Tom Girling, Product Manager for Mortgages, at the Society said: "With so many other things to buy to furnish that first home, we know that first time buyers need a little help when it comes to fees. This range, exclusive to first time buyers, also offers £500 cashback which might just be enough to get that flat-screen for the World Cup."

These mortgages are available online and from all our branches, where our fully qualified mortgage advisers can guide and support people through the house buying process."