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Yorkshire BS launches fee-free fixed rate deal

Yorkshire Building Society is today launching a fee-free mortgage product.

The two-year fixed rate deal comes with a rate of 2.99% and is available up to 60% LTV, while the society is also introducing a two-year fix at 3.39% with a £95 fee available up to 75% LTV.

Chris Smith, group direct product manager at the Yorkshire, says: “We know that fees often act as a barrier for individuals when they are trying to buy a mortgage and we hope that this will go in some way to help alleviate this problem.

“In recent weeks, we have continued to reduce the rates of our fixed products, first-time buyer products as well as introducing a drop-lock facility to our excellent tracker mortgages so we really do have something to offer everyone.”

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  • Alan Stirling 24th June 2011 at 2:53 pm

    2.99% with £95 fee is cheap but it should be noted that this is only available to new customers and not existing, deals for existing customers start at 3.79% on a 2 year fix, considerably more expensive and if you want to get out you have redemption fee to pay. YBS should really follow most other lenders and offer these deals to everyone