YBS launches 95pc mortgage

Additionally it has launched a 1.29% 2-year fixed rate for customers with a 35% deposit, as well as featuring a new 2-year 1.59% fixed rate mortgage with a £345 product fee, which is also for customers with a 65% loan-to-value.

Highlights of the new 75% LTV range includes a 2-year 1.54% fixed rate with a £845 product fee and a 3-year 2.24% fixed rate with a £845 product fee.

Jemma Anderson, mortgage product Manager at Yorkshire Building Society, said: “As a mutual society with customer-centred values, offering our members competitive mortgages with a high level of customer service is important to us.

“We’re very proud to be able to offer customers with a 35% deposit a 1.29% rate with a competitive product fee and believe these new rate reductions across the range will prove popular with a wide range of borrowers, with the 95% reductions helping more first-time buyers take that crucial initial step on to the property ladder.”