Yorkshire Building Society 90% LTV mortgages 'show diversity'

Date:Thursday 22nd July 2010
Author: Max Freedman

The launch of two new Yorkshire Building Society 90 per cent loan to value (LTV) mortgages shows the diversity of home finance deals available at the lender, a spokesperson has suggested.

Product manager Tom Girling claimed that the firm is aiming to offer as many people as possible the opportunity to buy their home and these new products are part of this strategy.

The Yorkshire Building Society 90 per cent LTV mortgages are available at any of the firm's branches and offer interest rates of 5.19 per cent and 5.89 per cent fixed for two and three years respectively.

Mr Girling said: "Both ... [arrangements] offer fantastic value to borrowers who have a ten per cent deposit - an area of the market where only a handful of other lenders are currently striving to offer competitive deals."

This month, the same organisation stated that three-quarters of the current 2.3 million standard variable rate customers may be free to switch to a lower interest deal.