Yorkshire Building Society has reduced mortgage rates by up to 0.25%, the second time in two weeks the mutual has tweaked pricing.
This includes a reduced two-year fixed mortgage rate from Yorkshire Building Society up to 75% loan to value (LTV), which has been reduced from 4.89% to 4.69%. This rproduct is available for purchase and has a £1,495 fee as well as a free standard valuation.
At 80% LTV, the three-year fixed rate deal for purchase and remortgage has gone down from 5.29% to 5.04%. This deal has no fee and a free standard valuation.
There is also a five-year fixed rate mortgage which has been cut from 4.59% to 4.49%, also up to 75% LTV. This is open to remortgagors, with a £1,495 fee. This has free valuations and no remortgage legal fees.”
Aidan Smith, mortgage product manager at Yorkshire Building Society, said: “We’re delighted to be able to reduce rates across our Yorkshire Building Society mortgage product range for the second time in a fortnight.
“We continue to keep a close eye on market developments in order to seize every opportunity to pass on extra value to borrowers.”
Last week, Yorkshire Building Society reduced its residential mortgage rates by 0.2% with Ben Merritt, director of mortgages, saying the mutual was “delighted” market conditions allowed it to lower pricing.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
