Yorkshire BS cuts trackers by up to 0.2%

Yorkshire Building Society has reduced the rates on its 75 per cent tracker mortgage by up to 0.2 per cent.

The cuts also apply to the society’s drop lock mortgages and its tracker and fix product, with the majority of its rates being cut by 0.2 per cent.

A two-year tracker is now available up to 75 per cent LTV at 2.79 per cent with a £995 fee, with the offset equivalent now available at 2.99 per cent.

The cuts only apply to the lender’s direct range of products.

YBS mortgage product manager Jemma Smith says: “We work hard to keep our mortgages competitive as part of our commitment as a building society to help home buyers -and homeowners who want to remortgage – to fulfil their property aspirations.

“Customers confident the base rate will remain at its historic low for some time yet may favour a simple tracker, while our droplock and track and fix mortgages may appeal to those who want to benefit from the current low rates whilst protecting themselves against potential increases.”