Yorkshire Building Society is changing the rate on a two-year fixed mortgage for first-time buyers with a deposit of 5 per cent.
The rate has been reduced to 4.34 per cent and the offer comes with an £845 product fee.
The society is also offering a longer-term option in the 95 per cent loan-to-value range. Customers can get a five-year mortgage at the fixed rate of 4.99 per cent and an £845 product fee.
“The demand for 95% mortgages is still very clear across the market and we’ve seen an increase in uptake from our customers in the last 12 months.
The rate reductions across the rest of our mortgage range continue Yorkshire Building Society’s commitment to offer value for money to all our customers through competitive fixed rate deals,” Brendan Gilligan, YBS’ mortgage product manager, said.
YBS said the two offers are part of a bigger fixed rate reduction across its 65-to-95 per cent LTV product range. Other reductions include:
- 1.89 per cent three-year fixed rate mortgage with an £845 product fee
- 2.24 per cent five-year fixed rate mortgage with an £845 product fee
- 1.49 per cent two-year fixed rate mortgage with an £845 product fee.
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