Yorkshire mortgages receive over 1500 best buy mentions

Yorkshire Building Society has celebrated the end of 2010 with a bang by announcing a total over 1,500 best buy mentions across their mortgage products throughout the year.

The mentions range from the Yorkshire's two, three, five and ten year fixed and tracker products as well as specific mortgages for first time buyers or those borrowing up to 90 per cent.  With 2010 at a close the Yorkshire has vowed to continue its efforts into 2011 providing some of the best value mortgage products on the market.

Commenting on the news, Group Direct Mortgage Manager for the Yorkshire Building Society Chris Smith said; "Our mortgage products are not simply about borrowing money to buy a house - here at the Yorkshire we want to ensure that each product can specifically cater for each of our members.  Our aim is to help them buy their new home regardless of whether they are a first time buyer, a family needing to downsize or a couple looking to invest in the future."

"We are proud of the products we have had on offer this year and it is good to have some recognition from within the financial sector through the best buy tables.  We have consistently offered excellent value fixed rates and a superb service at a time when other financial organisations have been cutting their products and branches across the country.  We vow to continue that service in 2011."

"Despite the market selling over 50 per cent  of all new mortgages sales in 2010 on variable rate products, Yorkshire Building Society has helped thousands of its members to fix their mortgage payments through offering best buy fixed rate mortgages.  Over 80 per cent of all 2010 lending within the Yorkshire has been on fixed rate products and c.45 per cent of this has been on products with a term of three years or greater.

Commenting on the uncertainty surrounding potential future increases to the Bank of England base rate Chris added; "We share the concern of our members wanting to protect against the risk of potential increased payments as a result of a future rise to the base rate.  Therefore we have offered best buy rates across all of our fixed term products throughout 2010 and have particularly focused on our five and ten year products.  Longer term fixed rates are a good way of offering stability and security to our members over a significant period of time, irrespective of what happens to base rate. Our take up of these fixed rate products is something we are very proud of."

"Here at Yorkshire Building Society we are committed to continuing to provide excellent value best buy mortgages that are sustainable for our members and look forward to welcoming new members in 2011."