Yorkshire Building Society has announced it is reducing rates across selected products in all of its LTV ranges.
The society stated that its changes will offer better value to both homeowners and buyers.
At 95%, the society’s offering now includes a 2.90% two-year fixed rate, which has been cut from 3.37%, to support buyers with smaller deposits. Those remortgaging can opt for a fee-free rate of 3.15%, down from 3.70%), which is also fixed for two years.
The Yorkshire also confirmed that borrowers with a larger deposit or more equity in their property could instead access its improved rate of 0.90%, down from 0.95%, which is available to both buyers and those remortgaging.
As part of further improvements, the Yorkshire has also added free standard valuations to its higher fee mortgages, and reduced rates on mortgages that come with a £495 fee by up to 0.60%.
“We know people value options tailored to their individual needs so in what’s a really buoyant mortgage market we’ve not lost sight of that,” commented Yorkshire Building Society senior mortgage manager, Ben Merritt.
“These new mortgages, which are competitively priced and come with varying additional features and completion fees offer something for everyone, regardless of deposit size or equity, and are focused on delivering better value to a wide range of borrowers.”
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