The ‘no fees’ range includes mortgages with no product fees, no legal fees, no standard valuation fee, no money transfer fee and no higher lending charge for remortgages. All the products are available for new and existing borrowers with a maximum loan-to-value (LTV) of 95 per cent for movers and 90 per cent for remortgages.
get the daily news delivered to your inbox
The range consists of eight deals, with four fixed deals, including a two-year fix at 5.99 per cent, a three-year rate at 5.99 per cent, a five-year fix at 5.89 per cent and a 10-year fix at 5.89 per cent. It also launched a 5.85 per cent standard variable rate deal, available at 1.30 per cent for two years.
David Heshon, Yorkshire’s product development manager, mortgages, said: “There has been an inexorable rise in product fees in recent months, as lenders compete to get in to ‘best buy’ tables with headline rates. It has become increasingly difficult for customers to work out what the best deal is. With this range, what you see is what you get – a straightforward rate, with no additional up front costs.”
Nick Gardner, communications director at Chase De Vere Mortgage Management, said: “These rates do have a place as high costs are associated with the market. However you don’t get anything for nothing, as what you are not paying in fees you pay for in the rate. Clients shouldn’t be seduced by the lack of up front fees.”
compare mortgages
