Yorkshire Building Society targeting first-time buyers

Yorkshire Building Society has introduced a new range of mortgages designed for first-time buyers.

The lender has unveiled a two-year fixed-rate product at 5.19 per cent, plus three- and five-year deals at 5.49 per cent and 5.79 per cent.

Each of the deals is free from valuation, legal and product fees, meaning they may be seen as a cheaper mortgage option overall.

The products are available at up to 85 per cent loan-to-value.

Tom Girling, product manager for mortgages, at the Society, said that with so many other things needed to furnish a first home, buyers "need a little help when it comes to fees".

"This range, exclusive to first time buyers, also offers £500 cashback which might just be enough to get that flat-screen for the World Cup," he stated.

Earlier this week, the Co-operative Bank and Britannia jointly announced the launch of a two-year fixed-rate mortgage at 2.95 per cent and a five-year fixed deal at 3.99 per cent.

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2010-05-27 12:43:45 © Moneyextra.com