Yorkshire is cutting the interest rates on its two and five year fixed rate mortgage products and heads the top of the mortgage best buy tables.
It is introducing a 2-year fixed rate mortgage from 2.89% and a 5-year fixed rate mortgage from 3.89%.
For those looking for a low fee mortgage option, the new rates include a low £95 fee option. This is available for both new and existing customers and there’s £250 cash-back on completion.
Interest rates for the low fee option are from 2.99% fixed for 2 years and 3.99% fixed for 5 years.
Yorkshire Group Product Manager Chris Smith commented; “Once again our changes to our existing range will ensure that our members are getting the best value for money and we are proud to introduce these new competitive rates alongside cash-back opportunities.”
See the Yorkshire website for more information on all their current products.
MoneyHighStreet comments: “This reduction in rates will be welcome news for those looking to take out a mortgage.
“With the Bank of England maintaining the base rate at a record low, and the Council of Mortgage Lenders (CML) predicting a stable mortgage market for the rest of the year, perhaps there is a further window of opportunity to take out a low rate mortgage before rates do inevitably start rising again?”