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Yorkshire cuts rates on 85% LTV deals

Yorkshire Building Society has cut mortgage rates on 85% LTV deals with a three-year fixed rate deal at 4.59% with a £495 fee.

There is also a two-year fixed rate at 3.99% with a £995 fee and a three-year tracker at 2.99% above base rate with a £495 fee.

The three-year tracker has no early repayment charges for the first two years.

There is a further two-year fixed rate at 4.19% with a £495 fee available.

And a three-year fixed rates at 4.69% and a three-year tracker at 3.09% above base rate, both with a £495 fee.

These deals include a free standard valuation and legal service for borrowers who are remortgaging, and a free standard valuation and £250 cashback for home movers or those buying their first property. 

Chris Smith, senior product manager for mortgages at Yorkshire, says: “Our new range of mortgages for people with a 15% deposit offers great value and a variety of options to suit borrowers’ pockets.

“Our fixed rate deals offer piece of mind when it comes to mortgage repayments for those who are concerned about possible future interest rate rises.  The tracker deals offer a lower initial rate with the flexibility of having no early repayment charges after two years, meaning we should have something that will appeal to everyone.”


Rock unveils tracker designed by broker

Northern Rock has launched a two-year tracker at 2.93% up to 70% LTV for brokers. The deal was the winner of the lender’s Design Your Own Mortgage Product competition which asked brokers to create deals. The winner, submitted by Mark Watson, has a £95 fee.

Home buyer interest up last month, says NAEA

The number of individuals looking to buy a house rose in July but lending restrictions remain a problem, says the National Association of Estate Agents. The NAEA says the average estate agent saw 292 house hunters in July.


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First Direct takes on staff as low fee deals take off

First Direct is being forced to hire staff after a surge in interest in its deals with a £99 fee. The direct-only lender has created an appointment system but customers are being forced to wait at least two weeks.


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