Yorkshire Building Society launches new 5yr fixes

Yorkshire Building Society will be offering some of the best mortgage rates on the market with the launch of a new range of five-year fixed-rate products.

Rates start at a market leading 3.89 per cent for customers with 40 per cent equity, fixed to 2015, with a product fee of £995.

A five-year fix is also available at 3.99 per cent at 75 per cent loan to value LTV with early repayment charges in effect should customers wish to pay off the mortgage early.

Tom Girling, product manager for mortgages, said: "Around eight in every ten of our mortgage applications are for a fixed-rate product and our new five-year fixed-rate deals will join our range of competitive rates."

He added that there was a large demand for this type of mortgage rate as borrowers look for good value, great service and long term security.

Both of the new mortgage products unveiled by the Society are available in offset versions with a 0.10 per cent increase on both rates.

For customers looking for even longer term security a ten-year fixed-rate deal at 4.99 per cent is available for those with 25 per equity.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2010-10-06 12:52:56 © Moneyextra.com