6 Jul

Yorkshire Building Society mortgages 'offer long-term security'

Yorkshire Building Society mortgages 'offer long-term security'

Yorkshire Building Society has claimed that its new best buy fixed-rate mortgage range offers potential homeowners peace of mind about future repayments.

The lender has launched a series of five-year deals for first-time purchasers and home movers that product manager Tom Girling said present "great value and a variety of options" to suit different consumer budgets.

"As well as competitive rates, the deals offer longer-term security for those concerned about the possibility of future rises in interest rates," he added.

Home movers and remortgagers with a 25 per cent deposit can access a five-year fixed-rate product at 4.15 per cent, which is the lowest rate offered by Yorkshire Building Society for this type of deal for seven years.

A similar 4.25 per cent deal is also available, with features such as cashback included to assist those who want help with their initial mortgage costs.

The products were unveiled less than a week after the launch of the organisation's new mortgage for first-time buyers, which has a 90 per cent loan-to-value ratio.

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