Yorkshire cuts mortgages rates for those with a 15% deposit

Yorkshire Building Society has cut mortgage rates for those with a 15% deposit, offering a market-leading three-year fixed rate deal at just 4.59% with a £495 fee.

Other highlights in the newly priced range include:

Two-year fixed rate at 3.99% with a £995 fee
Three-year tracker at 3.49% with a £495 fee (Bank of England base rate + 2.99%)

Those who choose the three-year tracker can enjoy the benefit of a three-year product with the flexibility of having early repayment charges only for the first two years of the deal.

The Yorkshire also offers alternative versions of these products for those who would like a little additional help with the initial costs of their mortgage.  These deals, which are detailed below, include a free standard valuation and legal service for borrowers who are remortgaging, and a free standard valuation and £250 cashback for home movers or those buying their first property.

Two-year fixed rate at 4.19% with a £495 fee
Three-year fixed rate at 4.69% with a £495 fee
Three-year tracker at 3.59% (Bank of England base rate + 3.09%) with a £495 fee

Chris Smith, Senior Product Manager for Mortgages said: "Our new range of mortgages for people with a 15% deposit offers great value and a variety of options to suit borrowers' pockets.

"Our fixed rate deals offer piece of mind when it comes to mortgage repayments for those who are concerned about possible future interest rate rises.  The tracker deals offer a lower initial rate with the flexibility of having no early repayment charges after two years, meaning we should have something that will appeal to everyone."