Yorkshire Building Society ten-year fixed-rate mortgage 'a fantastic opportunity'

Date:Monday 14th June 2010
Author: Max Freedman

Homeowners may find that the new Yorkshire Building Society ten-year fixed-rate mortgage offers a great opportunity to hold their home interest rate at a low level for a long time.

This is the opinion of product manager for mortgages at the organisation Tom Girling, who noted that this is the first time in 12 months that consumers have been offered such a long-term deal at below five per cent interest.

The Yorkshire Building Society ten-year fixed-rate mortgage is available for up to 75 per cent loan to value (LTV), with interest at 4.99 per cent and a fee of £995.

Mr Girling remarked: "This product presents a fantastic opportunity for borrowers looking for long-term value, protection from future interest rate rises and piece of mind."

Last month, the company launched an 85 per cent LTV arrangement aimed at first-time buyers, with interest rates starting from 5.19 per cent for a two-year fixed-rate deal.