New tracker mortgages from Yorkshire Building Society
Published: 1 December 2009 By MoneyHighStreet Staff Leave a Comment
Yorkshire Building Society has announced two new tracker mortgages, with up to 85% loan to values and rates from 2.79%.
Yorkshire is now offering two new tracker mortgages with rates from 2.97%. Borrowers will be pleased to see that loan to values up to 85% will be considered by the Society.
These are two year trackers offering the flexibility to choose capped or uncapped rates.
Yorkshire is also making changes to some of its’ other mortgages. For example, all fixed rate mortgage products have been reduced by up to 0.30% following a reduction in the cost of wholesale money.
A new 10 year fixed rate product has also been launched at 5.89% for those people wanting the security of knowing that their mortgage payments will not increase over a longer period. This is available with up to 75% LTV.
Referring to Yorkshire’s return to the tracker mortgage market, Tom Girling, Mortgage Product Manager at the Society commented: “Our new range of capped and uncapped trackers offer our customers the chance to benefit from a very competitive rate and the option of protecting their monthly payment if there should be a steep rise in interest rates during the term of the mortgage.”
“By combining a cap, a competitive rate and a low application fee we believe that these products offer one of the best combinations of value in the market.”
Customers who would like details of any Yorkshire Building Society mortgage can call into one of the Society’s 143 branches across the UK or visit www.ybs.co.uk.