Yorkshire Building Society announces reduction in fixed rate mortgages
www.moneynews.co.uk > Mortgages > Yorkshire Building Society announces reduction in fixed rate mortgages
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Money News |
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Yorkshire Building Society announces reduction in fixed rate mortgages
Fri 22nd Jul 2011
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The building society has cut rates on its two and five-year fixed rate mortgages to 2.59 per cent and 3.49 per cent respectively, with a £995 fee.
These rates will be available with a loan-to-value (LTV) of 75 per cent and will be available for both new applications and existing customers.
Chris Smith, Yorkshire's group direct mortgage manager, said: "We are committed to offering our members the best value for money and strive to keep our rates competitive."
Adding that they had been introduced "in response to demand", Mr Smith said he believes the "two and five-year periods continues to offer borrowers choice".
The announcement comes following Nationwide's announcement yesterday of a reduction of its fixed rate mortgages, citing increased competition as the governing issue.
Customers are advised to seek advice before taking out a mortgage and should take time to consider the product that best suits their needs.
Click here for more mortgages news
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