Yorkshire Building Society has reduced interest rates across its mortgage offering, effective from today, Tuesday the 10th of December.
Discounts include up to 0.27% for borrowers with a 10% deposit, or those looking for a deal at 60% loan-to-value (LTV).
There are also reductions of up to 0.18% across the rest of the range, including on deals up to 95% LTV.
Highlights include a best buy 2-year fix up to 75% loan-to-value (LTV) at 4.66% (was 4.84%) for those remortgaging, with a £495 fee, £250 cashback, free standard valuation and remortgage legal service.
The society is also offering a 2-year fix up to 90% LTV at 5.07% (was 5.34%), with a £1,495 fee and free standard valuation, as well as a 2-year fix at 4.44% (was 4.62%), for those remortgaging up to 75% LTV, with a £1,495 fee and free standard valuation.
A 2-year fix up to 85% LTV at 4.75% (was 4.84%) for those remortgaging, with a £1,495 fee and free standard valuation is also available.
The mutual lender has also reduced the interest rate on its £5K Deposit Mortgage, launched earlier this year and available only to first-time buyers.
This is now available at a rate of 5.74% (was 5.79%) for a 5-year fix.
Cheryl Bleasdale, mortgage product manager for Yorkshire Building Society, said: “We’re delighted to announce that we’ve taking the opportunity presented by falling market rates to refresh the range, ensuring the best possible value for borrowers.
“We’re particularly pleased to include competitively priced packages for those with a smaller deposit, which will benefit first-time buyers looking to step onto the property ladder.
“As a mutual building society established to help people to find a place to call home, we’re committed to doing everything we can to support them.”
Rachel Springall, finance expert at Moneyfacts, said: “It’s great to see Yorkshire Building Society reduce mortgage rates for different fixed terms, which include deals available to remortgage customers and first-time buyers with smaller deposits.
“There will no doubt be borrowers out there looking to refinance as the year hurdles to a close, and any deals that carry incentives could help them save on the upfront cost.”
