Yorkshire Building Society has announced it is slashing mortgage rates for first-time buyers with small deposits.
From today (March 28th), the financial institution is helping people get onto the property ladder by reducing interest rates by up to 0.2 per cent on many of its products.
Its first-time buyer deals include a two-year fixed rate mortgage at 4.19 per cent up to 90 per cent loan-to-value (LTV) and a two-year fixed rate offering at 3.89 per cent up to 85 per cent LTV, with both products free from additional fees.
Brendan Gilligan, Yorkshire Building Society’s mortgage product manager, said the firm is keen to support individuals who are looking to buy a home for the first time “and by removing fees we are hoping to help keep costs of owning your first home to a minimum”.
The institution’s lowest ever five-year fixed rate product is also being rolled out, which offers people a rate of 2.59 per cent up to 60 per cent LTV with a £1,345 fee and a two-year fixed rate mortgage at 2.19 per cent at 60 per cent LTV with a £345 fee.
