New mortgage range from YBS
Yorkshire Building Society has launched its lowest ever fixed rate mortgage at 3.19 per cent along with a number of cuts across its range of fixed and tracker products of up to 0.60 per cent.
Highlights of changes:
60 per cent LTV
2 Year Fixed, rate of 3.59 per cent, £495 fee (new product)
75 per cent LTV
1 Year Fixed, rate of 3.19 per cent, (0.40 per cent cut), £195 fee
2 Year Fixed, rate of 3.79 per cent, (0.60 per cent cut), £495 fee
3 Year Fixed, rate of 4.39 per cent, (0.50 per cent cut), £495 fee
5 Year Fixed, rate of 4.99 per cent, (0.40 per cent cut), £495 fee
10 Year Fixed, rate of 5.69 per cent, (0.20 per cent cut), £495 fee
2 Year Tracker, rate of 2.64 per cent BoE + 2.14 per cent, (0.15 per cent cut), £495 fee
85 per cent LTV
2 Year Fixed, rate of 5.59 per cent (0.40 per cent cut), £495 fee
3 Year Fixed, rate of 5.69 per cent (0.40 per cent cut), £495 fee
5 Year Fixed, rate of 5.89 per cent (0.40 per cent cut), £495 fee
2 Year Tracker, rate of 4.39 per cent BoE + 3.89 per cent, (0.10 per cent cut), £495 fee
All products have free valuation and legal fees for remortgage customers. Offset versions are available for the vast majority of mortgages priced at 0.10 per cent higher. Full details of the changes can be found in the Appendix.
Iain Cornish, chief executive at the Society said: "The Society is taking the opportunity to boost mortgage applications as there are beginning to be signs of an increase in activity in the housing market. These new deals, along with the products we recently launched for first time buyers, will be warmly welcomed by those looking for a good deal in the New Year.
"We are now offering some of the lowest rates across the market for customers with a 15 per cent or 25 per cent deposits and across a number of different product terms. Furthermore, all of our products carry a low fee at a time when many lenders are charging fees of around £1,000, and this could help to make a big difference to customers."
Date: 13th, January, 2010
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