"We’re delighted to announce our second August rate cut, and particularly pleased that the window of opportunity provided by market conditions has enabled us to lower the cost of our £5k Deposit Mortgage"
- Aidan Smith, product manager at Yorkshire Building Society
Yorkshire Building Society is reducing interest rates across its purchase and remortgage ranges by up to 0.20%.
Highlights include a two-year fixed rate remortgage product at 75% LTV, down to 4.39% with a £1,495 fee, free standard valuation and free remortgage legal service.
A three-year fixed rate remortgage product at 75% LTV is down to 4.34% with a £1,495 fee, free valuation and free remortgage legal service.
In the Society's purchase range, a five-year fix at 90% LTV has reduced by 20bps to 5.24% with no fee, £2,000 cashback and free valuation.
In addition, the lender has reduced the rate on its £5k Deposit Mortgage five-year fix to 6.24%, allowing borrowers to buy a home worth up to £500,000 with a £5,000 deposit, with no fee and free valuation.
Aidan Smith, product manager at Yorkshire Building Society, said: “We’re delighted to announce our second August rate cut, and particularly pleased that the window of opportunity provided by market conditions has enabled us to lower the cost of our £5k Deposit Mortgage offering a much-needed helping hand to first-time buyers.
“We’ll continue to closely watch developments with a view to seizing further opportunities to pass on further value wherever possible.”
