Yorkshire Building Society has reduced rates for borrowers looking to secure a longer term deal, with a 0.14% reduction on selected three and five-year fixed rate mortgages.
The Society has reduced rates on its range of three and five-year fixes at 65%, 75% and 85% loan-to-value (LTV).
Available at three years is a fix at 1.88% for borrowers with a 25% deposit, or a 2.03% option at 85% LTV.
Borrowers looking to fix for longer can opt for a five-year fixed rate mortgage at either 1.98% at 65% LTV, or a 2.08% deal at 75% LTV.
Each mortgage comes with a £845 fee.
Brendan Gilligan, mortgage product manager for Yorkshire Building Society, said: “We always try to offer our customers a range of mortgage options and good long-term value for money. Our rate reductions will offer borrowers with a range of deposits competitive rates and the security of knowing how much their mortgage repayments will be for the next couple of years, especially during this time of economic uncertainty.”
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