Yorkshire Building Society five-year fixed-rate mortgage 'offers long-term security'

Date:Thursday 15th July 2010
Author: Susanna Kavka

People who are looking for long-term security in their home finance deal may wish to look at the Yorkshire Building Society five-year fixed-rate mortgage, according to a company source.

Product manager for mortgages at the organisation Tom Girling made this recommendation after it was announced that the product is currently available at its lowest ever rate.

The Yorkshire Building Society five-year fixed-rate mortgage is on offer at 3.99 per cent interest and Mr Girling has claimed that this "fantastic rate" will also provide homeowners with long-term security with regards to their monthly payments.

"Although we are currently in a low base rate environment, it is inevitable that rates will rise in the next few years," he said. "Both our five and ten-year deals offer great value."

Recently, the same firm unveiled a new Rollover Mortgage aimed at consumers who need to borrow less than 35 per cent of the value of their home, with interest at 2.69 per cent for the first year of this product.