The Yorkshire cuts mortgage rates by up to 28bps

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Yorkshire Building Society has reduced rates across its mortgage range, with cuts of up to 28 basis points (bps) on products between 60% and 90% loan-to-value (LTV).

The mutual has made reductions across the board, with products for borrowers offering deposits of between 10% and 40% seeing decreases of as much as 28bps. Deals at 95% LTV have also been lowered, by up to 12bps.

The latest changes include three products that have received Best Buy mentions. Among the revised deals is a two-year fixed rate at 3.61% for house purchasers at 75% LTV, down from 3.66%, which carries a £995 fee and includes a free standard valuation.

Also in the range is a three-year fixed rate at 3.89% for remortgage borrowers at 85% LTV, reduced from 4.17%. The product comes with a £995 fee, a free standard valuation and a remortgage legal service.

A two-year fixed rate at 3.69% for house purchasers at 85% LTV has also been cut from 3.74%. This deal includes a £995 fee and a free standard valuation.

Aidan Smith, mortgage product manager at Yorkshire Building Society, said: “We’re always looking for ways to pass on value and make the range as competitive as possible.

“That’s why we’re so pleased to announce these changes, including three best buys, which are designed to support a wide range of borrowers.”

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