Rates on some 90% LTV products were cut by 0.05%
Yorkshire Building Society has announced reduced rates on the majority of its mortgage products, including those at high 90% loan-to-value (LTV).
Products which had their rates slashed by five basis points include a 4.82% fee-free five-year fixed rate at 90% LTV with a £1,000 cashback and free standard valuation.
Another 90% LTV product with a 0.05% rate reduction was the 5.02% two-year fix for purchase and remortgage with a £1,495 product fee, free standard valuation, and free remortgage legal service.
“The markets remain very much in flux, with funding costs varying significantly from one day to the next,” commented Ben Merritt, director of mortgages at Yorkshire Building Society. “Amid this environment, we are watching vigilantly for any and all opportunities to pass on added value to our customers.
“This reprice represents our latest attempt to do that and, we hope, offers some attractive options, particularly for borrowers who have smaller deposits to put down.”
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