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Yorkshire BS launches cashback deals

Adam Williams
Written By:
Adam Williams
Posted:
Updated:
18/05/2015

Yorkshire Building Society has launched ten new mortgages, with cashback deal available across the range.

The lender is offering a range of options including fee-free mortgages and cashback deals worth up to £1,000.

The mutual said a survey conducted by YouGov found up-front fees were one of the biggest problems faced by homebuyers, with 75% struggling with such charges.

Rates include a three-year fixed rate product at 2.19%, available for those with a 35% deposit. Five-year fixed rate mortgages start at 2.54%, the lender said.

Mortgages are also available for borrowers with deposits as small as 5%.  A three-year deal is on offer at 4.69% while a five-year equivalent is available at 4.89%.

The new range is available in-branch, online or over the telephone and via Barnsley and Chelsea building societies, as well as the Yorkshire.

Three-year fixed rates:

65% LTV

2.19%

75% LTV

2.44%

80% LTV

2.99%

90% LTV

3.59%

95% LTV

4.69%

Five-year fixed rates:

65% LTV

2.54%

75% LTV

2.64%

85% LTV

3.34%

90% LTV

3.94%

95% LTV

4.89%

Jemma Anderson, Yorkshire Building Society mortgage manager, said: “Paying up-front fees is often a major obstacle for some home buyers and we have tried to ease that pressure with these new mortgages.

“We hope removing our up-front fees and giving £1,000 cashback on this new range of mortgages will help people buy the property they want and turn it into a home.”