01 Oct 2017 Borrowers looking to fix their home loan for a longer period can benefit from Yorkshire Building Society’s new five-year deal, which is currently the lowest five-year fix available on the market for house purchases.
Available from Thursday 28 September, the 1.55% five-year offering, which has a £1,495 fee, is available to both remortgage customers and home buyers who have a 35% deposit.
In addition, the Yorkshire has launched a 0.99% two-year fixed rate mortgage for borrowers with up to a 25% deposit, the lowest two-year fix available at 75% loan-to-value (LTV). On offer to both house purchase and remortgage customers, this market-leading mortgage comes with a £1,495 fee and free standard valuation.
The Society recently offered a similar mortgage to those with a 20% deposit through its intermediary arm, Accord Mortgages, which proved extremely popular with borrowers.
Charles Mungroo, Mortgage Manager at Yorkshire Building Society, said: “We’re pleased to announce the launch of another round of record-low mortgage deals.
“There’s increasing speculation of a looming Bank Rate rise, so we hope our new five-year fix in particular will appeal to those looking to secure a great rate until 2022, while borrowers wanting to see how rates will fair can plump for a highly competitive two-year deal.
“We also have a choice of offset mortgages which allow customers to overpay on their monthly repayments without charge, which is another great benefit for those wanting to take advantage of the current low rate environment.”