Yorkshire Building Society has reduced a number rates at 75% and 90% LTV by up to 0.35 basis points.
New rates include:
- Two-year fixed rate 75% LTV at 2.64% with £995 fees
- Two-year fixed rate 90% LTV at 4.24% with £995 fees
- Five-year fixed rate 75% LTV at 3.29% with £995 fees
- Five-year fixed rate 90% LTV at 4.79% with £995 fees
Offset alternatives are available across the range and are priced 0.20 percentage points higher than the non-offset equivalents.
The range also includes products offering a fee-assisted legal service and free valuation with a low £495 product fee.
“We have seen other lenders cut rates recently, however many of these reductions have been at the 60% LTV level,” said Chris Smith, Yorkshire Building Society’s direct mortgage manager
“The sizeable deposit required, together with the very large fees involved, means they are not suitable for the majority of borrowers.
“The reductions we are making will benefit those with lower deposits and are likely to appeal to a wider range of customers.”
