Yorkshire Building Society has today, 22nd May, reduced rates on selected mortgages by up to 0.44%.
5-year fixed rates up to 95% loan-to-value (LTV) have decreased, while 2-year fixes dropped by as much as 0.41% and 3-year products by up to 0.26%.
A 2-year fixed rate for buyers up to 95% LTV now stands at 4.84%, down from 5.25%, with a £1,495 fee and free standard valuation.
For remortgages, the 2-year fixed up to 85% LTV is now 4.43% from 4.56%, with a £1,495 fee, free standard valuation and remortgage legal service.
The 2-year fixed up to 80% LTV for remortgages is now 4.36% from 4.48%, with a £995 fee, free valuation and remortgage legal service.
The 5K Deposit Mortgage for first-time buyers (FTBs) has also seen a rate cut of 0.21% to 5.48% from 5.69%.
Cheryl Bleasdale, product manager at Yorkshire Building Society, said: “We’re pleased to take the opportunity to reduce rates, including offering reductions for borrowers with the smallest deposits and those looking to get on the ladder for the first time to help them to fulfil their home ownership dreams.”
