Yorkshire Building Society (YBS) has cut rates on its mortgage range, with the biggest reductions aimed at higher loan-to-value (LTV) products for borrowers with smaller deposits.
Rates have dropped by up to 0.34% on products up to 90% LTV, with reductions of up to 0.29% on 95% and 85% LTV products.
Cuts of up to 0.14% apply at 75% LTV, and up to 0.15% at 60% LTV.
The range includes a 3-year fixed at 4.39% (previously 4.73%) for house purchase at 90% LTV, with a £995 fee and free standard valuation.
There is also a fee-free 5-year fixed at 4.36% (was 4.65%) for remortgaging at 85% LTV, which comes with free standard valuation and remortgage legal service.
A 2-year fixed at 3.93% (was 3.96%) for remortgaging at 75% LTV is available, with a £995 fee, free standard valuation and remortgage legal service.
Aidan Smith, mortgage product manager at Yorkshire Building Society, said: “We’re always looking for ways to pass on value to our borrowers and make our range as competitive as possible, which is why we’re so pleased to announce these latest changes, including offering the largest reductions for borrowers with smaller deposits, which we hope will help those looking to get onto the property ladder for the first time.”
Rachel Springall, finance expert at Moneyfacts, said: “It’s fantastic to see Yorkshire Building Society lower mortgage rates across various fixed terms, including options for remortgage customers which offer a competitive overall package.
“Borrowers keen to refinance will want to secure the best possible deal, so fee-free offers and cost-saving incentives can be a great choice.”
