New mortgages from Yorkshire Building Society
This is a good thing to see; with the ever increasing costs of living, Yorkshire Building Society is launching 2 new fixed rate mortgages that are simple, straightforward and designed to help people fix their monthly mortgage payments without fuss or huge fees.
From next Monday 23rd June customers will be able to choose from a 2 year fixed rate of 5.99 per cent with a fee of £1,995, maximum loan to value is 75 per cent; and a 5 year fixed rate mortgage, again 5.99 per cent with a fee of £2,495 and again a maximum loan to value of 75 per cent.
Some people may think that a fee of nearly £2.5K is on the hefty side but not when you consider some lenders are charging fees in the region of £5K. Also, the fees on both these fixed rate mortgages can be added to the loan, even if you use the maximum 75 per cent loan to value.
There are also free legal and valuation services provided for re-mortgaging customers.
Yorkshire’s product manager for mortgages, Tom Girling, said: “In the current environment fixed rates on both mortgages and savings seem to be rising every week, with some borrowers finding it very difficult to afford their mortgage payments. These new products have been designed to help borrowers manage their monthly budgets and at the same time provide peace of mind from the security that their payments won’t change during the term they have chosen”.
If you would like further information about these mortgages from Yorkshire Building Society call into any of the branches, call 0845 1200 100 or visit ybs.co.uk
>>Click here to compare mortgages and find the best fixed rates
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