Yorkshire Building Society reduces rates on mortgage deals
www.moneynews.co.uk > Mortgages > Yorkshire Building Society reduces rates on mortgage deals
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Money News |
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Yorkshire Building Society reduces rates on mortgage deals
Thu 9th Jun 2011
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The lender has unveiled plans to cut the cost of five-year fixed-rate products to 3.99 per cent for prospective homeowners.
Fixed-rate mortgages have been highlighted as an ideal solution for people who are worried about a potential increase to the Bank of England's interest rates.
The five-year products are now available at 75 per cent loan-to-value and include options for holders who want to keep their savings intact.
Chris Smith, the building society's group mortgage manager, said: "Choosing a fixed-rate mortgage gives borrowers peace of mind about their repayments and helps them to budget each month."
Yorkshire Building society, which is a mutual organisation, has 178 branches in a network of agencies throughout the UK.
The company currently has 2.8 million members who provide assets in excess of £30 billion.
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