Yorkshire Building Society reduces remortgage rates

Yorkshire Building Society has announced reductions to selected rates for its remortgage customers.

The mutual said it was improving the choice available to those with both small or larger amounts of equity in their property.

Borrowers requiring an 80% LTV will be able to benefit from a two-year fixed rate of 1.85%, while those looking for 85% LTV could secure a two-year fix at 2.40%. Both mortgages come with a £1,495 product fee.

The Yorkshire also confirmed that homeowners wanting to fix their mortgage for longer can look to five-year deals starting at 1.52% for those with 25% equity, which also comes with a £1,495 product fee.

The range also includes options for those hoping to remortgage up to 90% LTV, with borrowers able to take advantage of a two-year fixed rate of 2.99%, or a five-year fixed rate of 3.34%, both of which come with a £995 fee, free standard valuation and free remortgage legal services.

Yorkshire Building Society mortgage manager, Ben Reed, commented: “As more borrowers start to consider their remortgage options, we’ve reviewed our range to give homeowners better choice.

“With a combination of lower rates and additional features such as free standard valuation, cash back or free remortgage legal services, we hope to give borrowers a number of options to be able to best choose which suits their individual needs.”

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