Yorkshire Building Society launches capped tracker mortgages

These are aimed at giving a combination of a low current pay rate, Bank Base Rate +0.24% ( 4.99%) with a maximum rate set at 6.24% for the house purchase product over three years.

Two further products consist of :-

Remortgage – Bank Base Rate + 0.29% (5.04%) with maximum rate set at 6.29% for three years

Fee Assist – Bank Base Rate + 0.69% (5.44%) with maximum rate set at 6.69% for three years

Andy Caton, Director - Corporate Development at the Yorkshire commented, "These new trackers offer two great features - a low pay rate that is linked to the Base Rate combined with the protection of a cap should Base Rate rise above 6%."