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Yorkshire BS opens up Drop Lock range to 90% LTV

Yorkshire Building Society is extending the maximum loan-to-value on its recently-launched Drop Lock mortgage range from 75% to 90%.

The society launched the fee-free switch range last week and says it is now increasing the options within it.

From June 17, customers will be able to access a tracker product at 3.99% with a product fee of £495, available up to 90% LTV.

Chris Smith, group direct product manager at the Yorkshire, says: “We have decided to introduce this lower deposit option as we believe it will help more people get on the property ladder, as well as offering those currently on a variable rate the opportunity to change to a more flexible option.”

He says the product gives borrowers the benefit of a low rate with the security of being able to switch to a fixed rate at any time without incurring any charges.




“Alan Cleary decided against a super-injunction and instead publicised the pay-off to James.” NAME AND ADDRESS SUPPLIED

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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