Yorkshire Building Society reduces mortgage costs

A 2 year fixed rate mortgage at 60% LTV is now available from 3.69% with a fee of £495. The remortgage package also includes a free standard valuation and a free legal service, with the option of a £250 cashback for house purchase applicants.

The 75% loan to value products are available in 2, 3 and 5 year versions in both offset and non-offset formats with prices varying from 3.79% fixed for the 2 year product to 4.59% fixed for a 5 year mortgage. Offset versions are available on the entire range at a small extra charge. The Society's existing range of 85% loan to value products remains unchanged.

Tom Girling, Mortgage Product Manager at the Yorkshire Building Society said, "We are taking this opportunity to boost our mortgage applications as there are beginning to be signs of an increase in activity in the market. At the same time we are pleased to confirm that we are able to offer our existing borrowers the facility to move to another product within our mortgage range at the end of a special deal - irrespective of the amount of loan outstanding."