UK-based Yorkshire Building Society has launched a new range of mortgage products which start at 3.99%.
The society said that the new range offers two-, three-, and five-year fixed rate products with 60% and 75% loan-to-value (LTV) versions available in branch, by telephone and on the internet. Products with 85% LTV are also available via the branch network and by telephone.
All the range is available with offset facilities and all offer a choice of incentives, the company said. A GBP250 cash-back can be taken on the two-year products. It is paid in to the offset savings account, or for remortgage borrowers the option of a free standard valuation and free legal service is offered, Yorkshire added.
According to the society, the range is headlined by the offset two-year fixed rate 3.99% product, available up to 60% LTV. In common with the rest of the range it has an application fee of GBP495, of which GBP195 is payable on application and is non-refundable. No application fee is payable for the First Time Buyer and FreshStart mortgages.
Tom Girling, mortgage product manager at the Yorkshire, said: With this new range we have been able to offer an offset option on our two-year fixed rates at no additional cost. There is growing awareness of the benefits of offsetting in reducing the overall cost of a mortgage.
Another factor to take into consideration is that with savings rates falling recently it has increased the attractiveness of using an offset account to save on mortgage interest. While our two-year products are all available with the offset facility, there is no obligation to use this, so these products are still ideal for those customers with little or no savings.
