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Yorkshire BS launches cashback deals
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.”