Yorkshire launches one-year fix at 3.19%

11 January 2010

The one-year fix is being offered up to 75% LTV, with a £195 fee.

It has also launched a two-year fixed rate at 3.59%, up to 60% LTV with a £495 fee.

For mortgages up to 75% LTV, it is offering a two-year fixed rate of 3.79% with a £495 fee, as well as a three-year fix at 4.39%, a five-year fixed rate at 4.99% and a two-year tracker at 2.64%,Bank of England base rate plus 2.14%.

For deals up to 85% LTV it is offering a two-year fixed rate at 5.59%, a three- year fixed rate at 5.69% and a five-year fixed rate at 5.89%, all with a £495 fee.

All products have free valuation and legal fees for remortgage customers. Offset versions are available for the vast majority of mortgages priced at 0.10% higher.

Iain Cornish, chief executive at the society, says: “The society is taking the opportunity to boost mortgage applications as there are beginning to be signs of an increase in activity in the housing market.  These new deals, along with the products we recently launched for first time buyers, will be warmly welcomed by those looking for a good deal in the new year.”

“We are now offering some of the lowest rates across the market for customers with a 15% or 25% deposits and across a number of different product terms. Furthermore, all of our products carry a low fee at a time when many lenders are charging fees of around £1,000, and this could help to make a big difference to customers.”

“These mortgages are available online and from all our branches, where our fully qualified mortgage advisers can guide and support people buying a home through the house buying process.”

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