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

Refurbishment bill to lift England’s rental homes to EPC C put at £19.9bn

Landlords across England face a refurbishment bill of almost £20bn to bring private rented...

Intergenerational gifting reaches record level among equity release customers

More retirees are using equity release to support family members and fund improvements that...

TPFG posts record year as financial services arm drives mortgage growth

The Property Franchise Group has reported a record year for FY25, with its Financial...

Property transactions stretch to 123 days

Property transactions in England and Wales are taking an average of 123 days from...

Digitisation could already halve homebuying times

Digitisation already has the power to slash the time it takes to buy a...

Latest publication

Other news

Refurbishment bill to lift England’s rental homes to EPC C put at £19.9bn

Landlords across England face a refurbishment bill of almost £20bn to bring private rented...

Second charge mortgages set for another strong year in 2026

A few weeks into 2026, the direction of travel for the second charge mortgage...

Intergenerational gifting reaches record level among equity release customers

More retirees are using equity release to support family members and fund improvements that...