Yorkshire Building Society has announced a number of rate cuts across its mortgage range as it welcomes in the new year.
The group revealed it will reduce interest rates by as much as 0.35 per cent on some of its products, with its fixed-rate tracker and offset home loans at 75 per cent, 85 per cent and 90 per cent loan to value (LTV) all to be impacted by the alterations.
Featured in the new portfolio will be best buy fixed-rate deals at 75 per cent LTV that include a two-year fixed-rate at 2.49 per cent, a three-year at 2.69 per cent and a five-year at 2.99 per cent, while a best buy two-year fixed rate option at 3.79 per cent up to 90 per cent is available for borrowers with a smaller deposit.
Jemma Smith, product manager at Yorkshire Building Society – which has more than 3.3 million members and assets worth around £33 billion – said: “As economic conditions in the UK and abroad remain volatile, many homeowners appreciate the security of fixing their mortgage as a starting point for budgeting for their monthly bills.”
