Yorkshire BS launches sub-4% 75% LTV rate in latest round of cuts

Yorkshire Building Society has announced further reductions across its residential purchase and remortgage ranges by up to 0.55%.

This is the second time in three weeks the mutual has reduced rates, and the new range includes a five-year fixed rate remortgage product at 3.99% (was 4.24%) up to 75% LTV. This comes with a £1,495 fee, free standard valuation and remortgage legal service.

A two-year fixed rate remortgage product at 60% LTV has reduced to 4.24% and comes with a £1,495 fee, free valuation and remortgage legal service.

In the Society's purchase range, a two-year fix at 90% LTV has reduced to 5.04% with a £1,495 fee and free valuation. 

Aidan Smith, mortgage product manager for Yorkshire Building Society, said: “We’re so pleased to be able to, once again, pass on the benefit of more favourable market conditions.

“As usual, we’ll continue to monitor market trends, reacting wherever we can to pass on added value to borrowers, helping them to achieve their homeownership dreams.”

Rachel Springall, finance expert at Moneyfacts, commented: “It’s great to see Yorkshire Building Society reduce mortgage rates for different fixed terms, which include deals available to remortgage customers. There will no doubt be borrowers out there looking to refinance this year, and any deals that carry incentives could help them save on the upfront cost.”