Yorkshire Building Society aims to make 'competitive' mortgage range

Date:Thursday 11th February 2010
Author: Max Freedman

Prospective buyers may be interested in taking advantage of some of the new deals and rate cuts which have recently been made by Yorkshire Building Society.

The institution has announced plans to increase its market share by making its products more competitive.

Already this year, consumers have seen the building society cut interest rates by 0.8 per cent, while other institutions were taking 0.3 per cent off their rates, the company stated.

Further to this, three new mortgage products have been issued, offering fixed rates of one, two and three years.

A mortgage offering a loan-to-value of 90 per cent, tailoring it towards first-time buyers, was released last month, offering a rate of 6.49 per cent for five years.

Ian Bullock, sales and marketing director at the building society, said: "Compared to this time last year our lending is significantly higher and we expect this to continue throughout 2010."

He added that rewarding existing customers and providing good deals for first-time buyers was very important to the firm.