Yorkshire two-year mortgages discounted

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Yorkshire two-year mortgages discounted

Tue 3rd Jan 2006

A discount is being offered on Yorkshire two-year mortgages in time for the new year sales period.

The standard mortgage on offer comes with a two per cent discount from the standard variable mortgage rate (SVR) for two years, with a current pay rate of 4.4 per cent.

Meanwhile, a fee-assisted discount mortgage offers a 1.5 per cent discount from the SVR for the same period, at a current 4.9 per cent pay rate.

Both of the products are available to new and existing customers for mortgages up to 95 per cent of the property value, the building society said.

Rachel Court, head of mortgages at Yorkshire, said: "There has been much speculation that interest rates will fall during 2006, with many experts predicting the first rate cut as early as February which may result in fixed rate mortgages becoming less popular, whilst variable rates become more attractive."

The discounted standard and fee-assisted Yorkshire two-year mortgages come with a £495 product fee and a 0.6 per cent cashback respectively.

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