Mortgage range changes from Yorkshire Building Society

Date:Monday 30th November 2009
Author: Max Freedman

Yorkshire Building Society has announced a new two-year tracker mortgage, with a rate of 2.29 per cent, tied to the Bank of England base rate.

Consumers who choose the new tracker can have with a loan-to-value (LTV) of up to 85 per cent and have the choice of either a capped or uncapped product.

A ten-year fixed-rate with a rate of 5.89 per cent with a LTV of up to 75 per cent has also been launched.

In addition to these new loans, all fixed-rate products have been reduced by up to 0.30 per cent.

Tom Girling, mortgage product manager at Yorkshire Building Society, said that combining a cap, a competitive rate and a low application fee meant that the product was very competitive.

He added that those choosing the ten-year fixed rate have the ability to budget their outgoings as they know what their mortgage costs will be for the next decade.

The lender has also recently launched a three-year stepped tracker, which offers a first year rate of 3.49 per cent, plus the base rate.