View more on these topics

Yorkshire launches 0.98% two-year discount

Home-House-Monopoly-Money-Property-700x450.jpg

Yorkshire Building Society has launched a 0.98 per cent two-year discounted standard variable rate mortgage – its lowest ever rate.

Available to buyers and borrowers looking to remortgage, the 65 per cent LTV variable mortgage tracks the Yorkshire’s SVR, currently at 4.74 per cent.

The loan has a discounted rate of 3.76 per cent. It has a £1,495 product fee.

The mortgage has an interest rate collar of 0 per cent. After the initial term the mortgage rates will revert to Yorkshire’s SVR.

Yorkshire Building Society product manager Brendan Gilligan says: “We’re really proud to launch this market-leading rate – it’s the lowest mortgage rate we’ve ever had.

 “It will appeal to customers who are keeping an eye on interest rates because as well as being the lowest rate available from any provider, it also have the potential to reduce further if the Bank Rate drops.”

Moneyfacts finance expert Rachel Springnall says: “This new two-year discounted rate from Yorkshire Building Society offers the lowest rate on the market for borrowers looking to remortgage and joint lowest for purchase customers, and is likely to delight those hoping to take advantage of a low rate with a trusted brand.”

Borrowers can redeem their mortgage at any time during the discounted period for a 1 per cent early repayment charge.

The home loan is portable, meaning customers can transfer their mortgage to a new property without charge.

Recommended

Yorkshire cuts fixes by up to 0.14%

Yorkshire Building Society has cut rates by up to 0.14 per cent on its fixed rate loans for house purchase and remortgage. The lender has made a 0.14 per cent cut on its three-year fix at 85 per cent LTV, now 1.84 per cent. Other cuts include a three-year fix at 75 per cent LTV […]

Yorkshire_logo_2015

Yorkshire appoints Regnier as chief executive

Yorkshire Building Society has appointed Mike Regnier as chief executive. Regnier has been with the society since 2014 and currently holds the role of chief customer officer and executive director. He is due to take up the role on 1 January next year. Regnier has worked in corporate experience in consulting and retail financial services for […]

Real-Estate-Agent-House-For-Sale-London-700.jpg
2

Yorkshire urges Govt to make sellers pay stamp duty

Yorkshire Building Society is urging the Government to reform stamp duty land tax and make it paid by sellers, not buyers. The lender says this would help affordability for first-time buyers and save those in England, Wales and Ireland an average £3,791, with Londoners saving £13,171. Yorkshire will send a formal submission to the Government […]

9 October thumbnail

Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.

Newsletter

News and expert analysis straight to your inbox

Sign up