Mortgage rates are reduced by the Yorkshire Building Society.
The Yorkshire Building Society has announced its mortgage rates for 90 per cent loan to value fixed rate deals are to be cut by up to 0.25 per cent.
The new mortgage rates on offer start at 4.49 per cent for a 2 year fix and for a 5 year fix the rates on offer start at 4.74 per cent. The new range of deals offered by the Yorkshire BS are available for both new purchase and remortgage.
Yorkshire's mortgage product manager commented advising that the lender has been offering best buy mortgage rates at high loan to value levels for some time. The lender also says that it remains committed to continuing to offer competitive low deposit deals to help first time property buyers in particular.
Jemma Smith speaking on behalf of the lender said that currently 1 in 4 Yorkshire BS mortgages are taken out by first time property buyers. Out performing this sector of the market is something the lender is very proud of.
An offset mortgage version is offered for all of the 90 per cent LTV deals in the Yorkshire BS fixed rate range. Rates have also been cut on these products which are priced fractionally higher, at a rate of 0.2 per cent above their standard equivalent products.
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