11 Jan

Yorkshire Building Society cuts rates across mortgage deals

Yorkshire Building Society cuts rates across mortgage deals

Yorkshire Building Society has launched its lowest-ever fixed-rate mortgage in addition to cutting rates across many of its fixed and tracker deals.

The new one-year fixed-rate mortgage is on offer at 3.19 per cent with a loan-to-value (LTV) of 75 per cent and a £195 fee.

Its two, three, five and ten-year fixed-rate products have seen their rates cut by between 0.60 and 0.20 per cent on LTVs of both 75 and 85 per cent.

Iain Cornish, chief executive at the firm, commented: "The society is taking the opportunity to boost mortgage applications as there are beginning to be signs of an increase in activity in the housing market."

The rates of some of its two-year tracker products have also fallen, with the rate on a 75 per cent LTV mortgage now standing at 2.14 per cent plus the Bank of England base rate.

On January 7th, the Monetary Policy Committee decided to hold the base rate of interest at 0.5 per cent for the 11th consecutive month.ADNFCR-1222-ID-19550281-ADNFCR

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