Yorkshire’s low five-year fixed rate mortgages

Yorkshire Building Society will today top the tables with the launch of a range of new five-year fixed rate mortgages - with rates starting from just 3.89% for those with 40% equity.

The range also includes a five-year fix at 3.99% for those with 25% equity with an offset version of both products also available.

For those looking for even longer-term security, the Society also offers a ten-year fixed rate deal at 4.99% for those with 25% equity.

Tom Girling, Product Manager for Mortgages said: "Around 8 in every 10 of our mortgage applications are for a fixed rate product and our new five-year fixed rate deals will join our range of competitive fixed rates.  There is certainly a demand for this type of mortgage as borrowers look for long-term security, good value and great service.

"Although we are currently in a low base rate environment, at some point in the future it is inevitable that rates will rise.  With concerns about inflation and rising costs elsewhere in the household budget, fixing your mortgage at a great rate now can give you piece of mind when it comes to your repayments in future."

The mortgages are all available for house purchase or remortgage at ybs.co.uk.