Yorkshire adds first-time buyer product to range

Published on

Yorkshire Building Society has added a new member-exclusive mortgage to its range aimed at first-time buyers.

The five-year fixed rate is priced at 6.49% and available up to 90% loan to value (LTV) with free valuation and legal fees and no upfront fees.

The mortgage is available to first time buyers who have either been a Yorkshire member for over 12 months or who have a close family member or friend who has been a Yorkshire member for over 12 months.

The product adds to Yorkshire’s first-time buyer range, which also includes a three-year fixed rate mortgage at 5.84% and a five-year fixed rate product at 5.99% at up to 85% LTV with free valuation and legal fees, 1% cashback and no upfront fees.

Iain Cornish, chief executive at the Society said that rewarding existing members for their loyalty and providing attractive mortgages to help first time buyers get a foot on the property ladder were very important.

He added: “We considered what would be most important to a new borrower and we hope that this mortgage will take some of the financial pressure off first time buyers as they have no mortgage fees to pay and we pay the valuation and legal fees.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Kevin Tunnicliffe on ending the race to the bottom

This was always going to be a tricky interview. I’ve known Kevin Tunnicliffe, chief...

Simplify appoints key account director

Simplify has appointed Samantha Tickell as key account director as the conveyancing and property...

Brokers deliver speed for first-time buyers, but lender delays persist

Mortgage brokers are moving first-time buyers through early stages of the application process in...

UK buyers warm to AI in homebuying, but still want human oversight

Three quarters of homebuyers expect artificial intelligence to play a role in the homebuying...

The Cambridge brings back fixed rates across core range

The Cambridge Building Society has reintroduced fixed-rate mortgages across its main range, offering new...

Latest publication

Other news

Kevin Tunnicliffe on ending the race to the bottom

This was always going to be a tricky interview. I’ve known Kevin Tunnicliffe, chief...

Q&A: Vincent Ricks, Norton Broker Services

Mortgage Soup fires the questions at Vincent Ricks, business development manager at Norton Broker...

Simplify appoints key account director

Simplify has appointed Samantha Tickell as key account director as the conveyancing and property...