The Yorkshire Building Society has launched its first ever mortgage range with a fixed term of four years, in a move to boost flexibility.
The society says it is aiming to provide as many option as possible to its customers with the new deals, which include:
- A 1.89 per cent fix at 65 per cent loan-to-value (LTV)
- A 2.29 per cent fix at 75 per cent LTV
- A 3.54 per cent fix at 90 per cent LTV
All mortgages come with an £845 product fee.
“We think four-year fixed rates will appeal to customers looking for something in between a two and five-year fixed rate mortgage, yet few providers offer this option to customers, which is why we’ve decided to launch our own range, ” Brendan Gilligan, product manager of the Yorkshire said.
Last month, the Yorkshire launched a three-year fixed rate mortgage at 1.99 per cent with a £345 product fee, at 65 per cent LTV and £500 cashback on completion.
The society also cut rates for customers with the lowest deposits of 5 per cent. It launched two lower-rate products for first-time buyers: A five-year fixed term mortgage at 4.89 per cent and a two-year fixed rate mortgage at 4.39 per cent. Both offers were available with £250 cashback on completion and free standard valuation.
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