Yorkshire five-year fixed rate mortgage at only 3.99%

Yorkshire Building Society is reducing the rate on its five-year fixed rate mortgage to just 3.99% for those with a 25% deposit.  The new product will offer the lowest rate for a five-year fixed deal ever offered by the Society.

From Friday 23rd July, borrowers moving home or looking to remortgage can apply for the best buy deal at only 3.99% with a £995 fee.

The new product will be available at any of the Yorkshire's 135 branches or through the Society's full interactive website - ybs.co.uk - using its award winning paperless application process.

For those looking for longer-term security, the Society is also offering a best buy ten-year fixed rate deal at 4.99% for those with a 75% deposit, with a fee of only £495.

Tom Girling, Product Manager for Mortgages said: "Although we are currently in a low base rate environment, it is inevitable that rates will rise in the next few years.  Both our five and ten-year deals offer great value and peace of mind over the medium and longer-term - reducing the risk of any future interest rate rises.

"The new five-year product offers the lowest rate for a five-year fixed deal ever offered by the Yorkshire and is a great option for borrowers wanting a fantastic rate coupled with longer-term security when it comes to their mortgage payments - offering one less thing to worry about in these uncertain times."