Yorkshire Building Society has cut the rate on its two-year fixed rate mortgage by 0.70 per cent for people with a 15 per cent deposit. The new rate will be 4.49 per cent with a fee of £495 and comes with free valuation and legal fees.
This new product follows hot on the heels from Yorkshire's recently launched two-year tracker product at 3.79 per cent (BoE + 3.29 per cent) also for people with a 15 per cent deposit. Offset versions are available on either of these mortgages priced at only 0.10 per cent higher. Tom Girling, mortgage product manager at the Society commented: "We now provide a great range of products for people with smaller deposits as we look to increase our lending for the year following continued confidence in the housing market. The low fee on both the fixed and tracker products should also prove very attractive to customers as many of the other competitive deals in the market still require a high upfront fee." "These mortgages are available online and from all our branches, where our fully qualified mortgage advisers can guide and support people buying a home through the house buying process."
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Date: 24th, March, 2010 |
Author: Ben Wilkie |
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