The Yorkshire Bank Group withdraws several 5 year fixed rate mortgage products.

Various lenders within the Yorkshire Bank Group have announced that their 5 year fixed rate mortgages are to be pulled from their range of products.

Deals are to be re-released, but rates are set to increase. This change in 5 year fixed rate mortgage pricing has been attributed to rising 5 year swap rates.

Three lenders within the group, Norwich & Peterborough, Yorkshire BS and Chelsea BS have all announced 5 year fixed rate mortgage changes.

Will more lenders follow this example? If you are concerned about rising rates you should lock into a cheap deal while you still can.

Yorkshire Bank Group mortgage withdrawals.

The Yorkshire BS has announced that both its 5 year fix for 65% LTV at 2.69% and its 5 year offset for 65% LTV at 2.89% have been withdrawn. The cheapest 5 year fix for 65% LTV now on offer from Yorkshire BS is 2.94%.

Changes have also been made to the Chelsea BS range, the lender has also withdrawn its 65% LTV 5 year fixes. Its cheapest 5 year fixed rate mortgage is now a 75% LTV deal offered at 2.94%.

Norwich & Peterborough has also followed the Yorkshire and Chelsea building societies by withdrawing its 5 year fix for 65% LTV. At present its cheapest 5 year deal is a 75% LTV mortgage at 2.94%.

At present these are the only lenders to withdrawn the cheapest 5 year fixes from their range of products. Time will tell if we will see a domino effect as other lenders follow suit.

If you are looking for a new deal and do not want to risk rising rates, lock into a cheap mortgage while you can.

For no-obligation mortgage advice and a low rate quote call 0800 048 8828, or make an immediate online search by clicking below.

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0800 048 8828.