Yorkshire Building Society is cutting the fees on its mortgage range. Fees will now start at £95, with a maximum charge of £995, depending on the product.
Mortgage product manager from the Yorkshire, Alice Leslie said that the new fees would ensure that the product range offered something for everyone:
“Here at the Yorkshire we want to ensure that our mortgage range has something for everyone and more customers can benefit from the lowest interest rates. For example, we are offering low fee products (£95) with a slightly higher rate but additionally have incorporated products with slightly lower rates and slightly higher fees. The benefit of this is that the maximum fee for any customer will now be £995.”
For example, customers wanting to take a two-year fixed rate with the Yorkshire have the option of paying a £95 fee and paying a rate of 3.49 per cent, or if they are looking for a lower rate they can choose to pay a £995 fee and then be charged 2.99 per cent.
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