Yorkshire Building Society has today launched its lowest ever fixed mortgage rate at 1.18 per cent.
The rate is on a two-year mortgage at up to 65 per cent loan-to-value (LTV) and comes with a product fee of £1,369.
YBS also offers another two-year fix with a lower product fee of £845 and a higher fixed rate of 1.29 per cent. It is also for loans at 65 per cent LTV.
“This new mortgage forms part of our wide range across the Yorkshire Building Society Group which seeks to support borrowers of all types, including those with larger or smaller deposits and first time buyers and those already on the housing ladder,” Mike Regnier, chief commercial officer of YBS, said.
Last week, YBS launched a lower two-year fixed rate offer for first-time buyers with low deposits of 5 per cent. The rate was reduced to 4.34 per cent and the offer included an £845 product fee.
The society also launched a longer-term option in the 95 per cent loan-to-value range – a five-year mortgage at the fixed rate of 4.99 per cent and an £845 product fee.
The two offers were part of a bigger fixed-rate reduction across YBS’s 65-to-95 per cent LTV product range, including:
- 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.
