Yorkshire cuts fixed rate mortgages by up to 0.50 per cent
Yorkshire Building Society has slashed up to 0.50 per cent from the cost of its fixed rate mortgage deals.
The range includes:
Two-year fixed rate at 3.49% with a £195 fee
Two-year fixed rate at 2.99% with a £1995 fee
Both products are available up to 75% LTV and offset versions are available with rates starting from 3.09%.
The range also includes deals for borrowers who have a 10% deposit or equity in their home including:
Two-year fixed rate at 5.49% with a £195 fee
Two-year fixed rate at 4.99% with a £1995 fee
Offset versions of these products are also available at 90% LTV with rates starting from 5.09%.
Commenting on the new range the Yorkshire's Group Direct Mortgage Manager Chris Smith said: "Recent swap rate activity has given us the opportunity to re-price our mortgage range and offer our borrowers the option to choose the best mortgage product for them - mixing rates with fee options.
"As well as low fee deals the new range will also incorporate products with slightly lower rates and slightly higher fees. For those who want a lower fee, they still get an excellent rate, or for those who need support with a larger loan, they have the option of a lower rate with a higher fee and lower monthly repayments.
"We believe that this current range does really offer something for everyone. We have listened to the needs of our customers and these new products are a response to that.
"Those with a loan size of £100,000 will find that over the two years the total cost for the 3.49 per cent £195 fee product would be £12,747 and the slightly lower rate but higher fee product would be £13,914 - showing that in this case the lower fee product is the better option.
"However, for those with a larger loan of £250,000 the differing rates and differing fees actually work out almost even over the two years meaning we are giving customers the chance to choose the option that most suits their borrowing needs."
"While the market continues to change Yorkshire Building Society will continue to look at all the products we offer ensuring the best possible deals for all our customers."