You are here: Home - First Time Buyers - News -

Yorkshire Building Society launches 1.54% discounted rate

Written by:
Yorkshire Building Society launches 1.54% discounted rate

First-time buyers are being given a boost onto the housing ladder, with a new market-leading rate from Yorkshire Building Society.

The two-year discounted rate mortgage is priced at just 1.54% for borrowers with a modest 10% deposit.

It’s available to buyers as well as remortgagors and comes with a £1,495 fee, or there is a fee-free version on offer at 2.49%.

The deals come with £250 cashback on completion and a free standard valuation for those looking to buy a new home, plus free legal fees for remortgage customers.

Charles Mungroo, product manager at Yorkshire Building Society, said: “We’re really proud to launch this market-leading rate, which is currently the lowest two-year mortgage available at 90% LTV.

“Getting on the property ladder can be tough, so we want to help as many people as possible to achieve their dream of homeownership. We hope our new offering will appeal to first-time-buyers and borrowers with smaller deposits who want to make the most of a low rate, and benefit from a potential reduction in their monthly repayments if our SVR reduces.”

Rachel Springall, finance expert from Moneyfacts, added: “This brand new deal from Yorkshire Building Society comes at a perfect time for any borrower who may have a limited deposit but still wants to take advantage of a low rate with a trusted brand. As with any mortgage deal, borrowers would be wise to work out the overall true cost to see if it’s the best possible choice for them.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Sorry. No data so far.

Guide to borrowing past retirement age

As an older borrower, you may be concerned that a lender will not offer you a mortgage pas...

Mortgage market biased against homeowners

Buy-to-let property investors are unfairly favoured in the mortgage market, an independent...

Should buy-to-let investors ‘go Dutch’?

The Netherlands is revealed as Europe’s top buy-to-let property hotspot

Private sector tenants in poverty double in decade

The number of private rented sector tenants in poverty has doubled in the last decade from...

Large mortgage broker firm launches with fees of over 1%

An insurance firm has launched a mortgage advice service

Second steppers targeting detached properties

Those living in their first home are increasingly looking to reduce the steps to their lon...

Mortgage Calculators

Save money now!

See how much you could potentially save by remortgaging to a different product

How much can you borrow?

A calculator designed to help you understand how much you can borrow towards your property
Read previous post:
New mortgage range launched by Paragon

Paragon, a long-standing buy-to-let mortgage lender, has launched a range of residential mortgages for the first time. The lender said...